Question

Q.40. X, Y and Z were partners sharing profits and losses as to X one-half; Y one-third;
ad Z one-sixth. As from 1st April, 2015, they agreed to admit A into partnership for a
ne-sixth share in profits and losses, which he acquires equally from X and Y, and is to
Hing in 50,000 for his capital and 320,000 as premium for goodwill. A paid in his capital
noney but in respect of premium for goodwill, he could bring in only 315,000.
You are required to :
(i) give the journal entries to carry out the above arrangements and
(ii) work out the new profit-sharing ratio of the partners.​

Answer 1

Answer:

i dont understand your ques........

Explanation:

i dont understand your ques........