A and B share profits in the ratio of 2: 1. C is admitted with l / 3rd share in profits. C acquires 2 / 3 of his share from A and 1 / 3 of his share from B. What will be the new profit-sharing ratio? Post category:Accountancy Reading time:1 mins read SOLUTION 4: 2: 3. 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 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? Next PostX and Y are partners sharing profits in fee ratio of 3: 1. They admit Z as a partner. X surrenders l / 3rd of his share and Y l / 4th of his share in favour of Z. What will be the new profit-sharing ratio? You Might Also Like On 31st March, 2017, the Balance Sheet of Abhir and Divya, who were sharing profits in the ratio of 3 : 1 was as follows: August 1, 2022 If the partner’s capitals are fixed, where will you record interest on drawings and share of profit of a partner? September 23, 2022 Calculate Inventory Turnover Ratio from the following: August 13, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
On 31st March, 2017, the Balance Sheet of Abhir and Divya, who were sharing profits in the ratio of 3 : 1 was as follows: August 1, 2022
If the partner’s capitals are fixed, where will you record interest on drawings and share of profit of a partner? September 23, 2022
