A, 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? Post category:Accountancy Reading time:1 mins read SOLUTION 10: 6: 4: 5. 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 PostX 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? Next PostA and B who shared profits in the ratio of 3: 1 admit C as a partner for l / 5th share in profits, which he acquires equally from the old partners. What will be the new profit-sharing ratio? You Might Also Like Rajan Ltd. purchased assets from Geeta & Co. for Rs. 5,00,000. A sum of Rs. 1,00,000 was paid by means of a bank draft and for the balance due Rajan Ltd. issued equity Shares of Rs. 10 each at a premium of 25%. journalise the above transactions in the books of the company. July 14, 2022 Pass Journal entries for the following: (a) Realisation expenses of Rs. 15,000 were to be met by Rahul, a partner, but were paid by the firm.(b) Ramesh, a partner, was paid remuneration of Rs. 25,000 and he was to meet all expenses. (c) Anuj, a partner, was paid remuneration of Rs. 20,000 and he was to meet all expenses. Firm paid an expense of Rs. 5,000. July 25, 2022 A and B are partners sharing profits and losses in the proportion of 7: 5. They agree to admit C, their manager, into partnership who is to get 1/6th share in the profits. He acquires this share as 1/24th from A and 1/8th from B. Calculate new profit-sharing ratio. July 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Rajan Ltd. purchased assets from Geeta & Co. for Rs. 5,00,000. A sum of Rs. 1,00,000 was paid by means of a bank draft and for the balance due Rajan Ltd. issued equity Shares of Rs. 10 each at a premium of 25%. journalise the above transactions in the books of the company. July 14, 2022
Pass Journal entries for the following: (a) Realisation expenses of Rs. 15,000 were to be met by Rahul, a partner, but were paid by the firm.(b) Ramesh, a partner, was paid remuneration of Rs. 25,000 and he was to meet all expenses. (c) Anuj, a partner, was paid remuneration of Rs. 20,000 and he was to meet all expenses. Firm paid an expense of Rs. 5,000. July 25, 2022
A and B are partners sharing profits and losses in the proportion of 7: 5. They agree to admit C, their manager, into partnership who is to get 1/6th share in the profits. He acquires this share as 1/24th from A and 1/8th from B. Calculate new profit-sharing ratio. July 29, 2022
