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 In what way would you deal with rent paid to a partner for the use of his premises by the firm in which he is a partner and why? September 26, 2022 Mention two ratios in which one figure is from Profit and Loss Account and one from Balance Sheet. October 3, 2022 Can ‘Securities Premium Reserve’ be used as working capital? Give reason in support of your answer. September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
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