X and Y shared profits in the ratio of 3: 1. They admit Z to one-third share in the future profits. What will be the new profit-sharing ratio? Post category:Accountancy Reading time:1 mins read SOLUTION 3: 1: 2 Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostState with reason whether at the time of admission of a partner, partnership is dissolved or partnership firm is dissolved. Next PostA, B and C are partners sharing profits in the ratio of 5: 3: 2. D is admitted for l / 5th share. What will be the new profit-sharing ratio? You Might Also Like Give any two examples of cash inflows from operating activities other than cash receipts from sale of goods and rendering of services. (C.B.S.E. Sample Paper. 2018). October 4, 2022 Naresh and Sukesh are partners with capitals of Rs. 3,00,000 each as on 31st March, 2019. Naresh had withdrawn Rs. 50,000 against capital on 1st October, 2018 and also Rs. 1,00,000 besides the drawings against capital. Sukesh also had drawings of Rs. 1,00,000. Interest on capital is to be allowed @ 10% p.a. Net profit for the year was Rs. 2,00,000, which is yet to be distributed. Pass the Journal entries for interest on capital and distribution of profit. July 21, 2022 Calculate Operating Ratio from the following information: Operating Cost Rs. 6,80,000; Gross Profit 25%; Operating Expenses Rs. 80,000. August 17, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Give any two examples of cash inflows from operating activities other than cash receipts from sale of goods and rendering of services. (C.B.S.E. Sample Paper. 2018). October 4, 2022
Naresh and Sukesh are partners with capitals of Rs. 3,00,000 each as on 31st March, 2019. Naresh had withdrawn Rs. 50,000 against capital on 1st October, 2018 and also Rs. 1,00,000 besides the drawings against capital. Sukesh also had drawings of Rs. 1,00,000. Interest on capital is to be allowed @ 10% p.a. Net profit for the year was Rs. 2,00,000, which is yet to be distributed. Pass the Journal entries for interest on capital and distribution of profit. July 21, 2022
Calculate Operating Ratio from the following information: Operating Cost Rs. 6,80,000; Gross Profit 25%; Operating Expenses Rs. 80,000. August 17, 2022
