Question

X and y are partners sharing profit and losses in the proportion of 3 by 5 ratio 2 by 5 they agreed to admit Z into partnership who is to get one by v share in the business Z bring in 1 lakh for each capital and 40000 for the one by v share of goodwill which he acquired 3 by 20th from x and 1 by 20th from why the profit for the first year of the new partnership amounted to 1 lakh make the necessary journal entries in connection with Z admission and apportion the profit among the partners
Please help me now with calculations

Answer 1

Answer:

i can help but it is not clear what's Z ratio and share you mentioned. kindly try to give photo of the question if possible