S, T and U were partners in a firm. They admitted V as anew partner. S and T sacrificed 1 / 3rd and 1 / 4th of their share respectively in favour of V. Calculate the new profit-sharing ratio of S, T, U and V. (C.B.S.E. 2019, Chennai) Post category:Accountancy Reading time:1 mins read SOLUTION New Ratio 8: 9: 12: 7. 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 PostAtul and Neera were partners in a firm sharing profits in the ratio of 3: 2. They admitted Mitali as a new partner. Goodwill of the firm was valued at Rs. 2,00,000. Mitali brings her share of goodwill premium of Rs. 20,000 in cash, which is entirely credited to Atul’s Capital Account Calculate the new profit-sharing ratio. (C.B.S.E. 2019, M.P.) Next PostA and B were partners in a firm sharing profits in the ratio of 3: 2. C and D were admitted as new partners. A sacrificed 1 / 4th of his share in favour of C and B sacrificed 50% of his share in favour of D. Calculate the new profit-sharing ratio of A, B, C and D. (C.B.S.E. 2019, Kerala) You Might Also Like Leena and Rohit are partners in a firm sharing profits in the ratio of 3: 2. On 31st March, 2018, their Balance Sheet was as follows: November 5, 2022 If a fixed amount is withdrawn on the last day of every quarter, for what period the interest on total drawings will be calculated? September 26, 2022 State two purposes for which securities premium reserve can be used by a Company. September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Leena and Rohit are partners in a firm sharing profits in the ratio of 3: 2. On 31st March, 2018, their Balance Sheet was as follows: November 5, 2022
If a fixed amount is withdrawn on the last day of every quarter, for what period the interest on total drawings will be calculated? September 26, 2022
