Raj, Ram and Ramesh are partners sharing profits and losses in the ratio of 5: 3: 2. They admit Suresh into partnership and give him 1 / 5th share of profits. Find the new profit-sharing ratio. Post category:Accountancy Reading time:1 mins read SOLUTION 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 PostMohan and Mahesh are partners in a firm sharing profits and losses in the ratio of 3: 2. Nusrat is admitted as partner with 1 / 4 share in profit. Nusrat takes his share from Mohan and Mahesh in the ratio of 2: 1. Calculate new profit-sharing ratio. Next PostS, B and J were partners in a firm. T was admitted as a partner in the partnership firm for 1 / 5th share of profits. Calculate the sacrificing ratio of S, B and J. (CBSE 2019) You Might Also Like In the absence of Partnership Deed, what are the rules relation to: (a) Salaries of partners, (b) Interest on partners’ capitals (c) Interest on partners’ loan (d) Division of profit, (e) Interest on partners’ drawings (f) Interest on loan by partner(s) and (g) Interest on loan to partners? July 20, 2022 State the basis of calculating the amount of profit payable to the legal representative of a deceased partner in the year of death. (C.B.S.E. 2019) October 8, 2022 Ratio of Current Assets (Rs. 3,00,000) to Current Liabilities (Rs. 2,00,000) is 1.5: 1. The accountant of the firm interested is maintain in a Current Ratio of 2: 1 by paying off a part of the Current Liabilities. Compute amount of the Current Liabilities that should be paid so that the Current Ratio at the level of 2: 1 may be maintained. August 12, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
In the absence of Partnership Deed, what are the rules relation to: (a) Salaries of partners, (b) Interest on partners’ capitals (c) Interest on partners’ loan (d) Division of profit, (e) Interest on partners’ drawings (f) Interest on loan by partner(s) and (g) Interest on loan to partners? July 20, 2022
State the basis of calculating the amount of profit payable to the legal representative of a deceased partner in the year of death. (C.B.S.E. 2019) October 8, 2022
Ratio of Current Assets (Rs. 3,00,000) to Current Liabilities (Rs. 2,00,000) is 1.5: 1. The accountant of the firm interested is maintain in a Current Ratio of 2: 1 by paying off a part of the Current Liabilities. Compute amount of the Current Liabilities that should be paid so that the Current Ratio at the level of 2: 1 may be maintained. August 12, 2022