prakrithi samrakshnathintae avishya katha.
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X and y are partners sharing profit and losses in the proportion of 3 by 5 ratio 2 by 5 they agreed to admit Z into partnership who is to get one by v share in the business Z bring in 1 lakh for each capital and 40000 for the one by v share of goodwill which he acquired 3 by 20th from x and 1 by 20th from why the profit for the first year of the new partnership amounted to 1 lakh make the necessary journal entries in connection with Z admission and apportion the profit among the partners
Answer:X and y are partners sharing profit and losses in the proportion of 3 by 5 ratio 2 by 5 they agreed to admit Z into partnership who is to get one by v share in the business Z bring in 1 lakh for each capital and 40000 for the one by v share of goodwill which he acquired 3 by 20th from x and 1 by 20th from why the profit for the first year of the new partnership amounted to 1 lakh make the necessary journal entries in connection with Z admission and apportion the profit among the partners
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