State the ratio ib which old partners share accumulated profita reserves and losses
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Explanation:
simrat and Bir are partners in a firm sharing profit and losses in the ratio of 3 is to 2 on 31st March 2019 after closing the books of accounts their capital accounts stood at 480000 and 600000 respectively on 1st May 2018 Simran introduced land additional capital of 120000 and Veer INR withdrawal rupees 60000 from he is capital on 1st October 2018 Simran withdrawal rupees 240000 from her capital and weed introduced 3 lacs interest on capital is allowed at 6% per annum subsequently it was noted that interest on capital @ 6% per annum
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