Prabhat and Amit are partners of a firm sharing profit and losses in the ratio of 3 : 2. 1 They admit Pratik for share in the partnership and ask him to bring sufficient capital, The balance of Prabhat's and Amit's Capital Accounts on this date was 15,500 ang 38,500 respectively. They had also 10,000 as General Reserve. The Revaluation Account also showed a profit of 6,000. Prepare Partner's Capital A/c on the admission of Pratik
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Ration of their profit earned is divided in 3:8
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