Question

Q2. P and S are partners sharing profits in the ratio of 3:2. R is admitted with 1/5 th share and he brings Rs. 84,000 as his share of goodwill which is credited to the Capital A/cs of P and S respectively with Rs. 63,000 and Rs. 21,000. New Profit sharing ratio will be:

Answer 1

Answer:

Here the g/w is divided in ratio 3:1 (63000:21000) the share of new partner is to be divided to get S.R. 1/5*3/4=3/20 and 1/5*1/4=1/20 to get the N.R.=O.R.- S.R. i.e. A=>3/5-3/20 =9/20 B=>2/5-1/20=7/20 and the ratio of C=> 1/5=4/20 which comes to 9:7:4