Puneet and Deepak were in partnership sharing profits and losses in theratio of 2 : 1. They admitted Manya as a new partner. Manya brought1,00,000 as her share of goodwill premium, which was entirely creditedto Puneet's capital account. On the date of admission, goodwill of the firmwas valued at 3,00,000. Calculate the new profit sharing ratio ofPuneet, Deepak and Manya. please I will make him brainleast
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"4:2:3"
Explanation:
Goodwill brought by Manya = 1,00,000
Goodwill of Firm = 3,00,000
Share of Manya = 100000/300000 = 1/3
Share of Puneet and Deepak = 2/3 , 1/3
Share of Firm = 1
Remaining Share of Manya = 1 - 1/3 = 2/3
so,
Puneet = 2/3 x 2/3 = 4/9
Deepak= 2/3 x 1/3 = 2/9
Manya= 1/3 x 3/3 = 3/9
New profit sharing ratio = 4:2:3
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