Question

When new partner bring his share of capital in new profit sharing ratio then adjustment of old partner capital account

Answer 1

Explanation:

hello there are the two options we have first is the old partners can continue with the old ratio or they can continue with the new ratio it is not necessary that if the new partner having a new profit sharing ratio and his contribute in a new ratio only then the old partners as a two options every specified in the question that they need to change it or so obviously they have to follow the new ratio otherwise they can continue or can use the old capital as it is.