1).A,R,S are partners sharing profit & losses in the ratio of 5:4:3.S retires & if A & R shares profit of sumit in 4:3 then new profit sharing ratio?
2).A,B,C are partners sharing profits in the ratio of 4:3:2.D is admitted for 2/9 th share of profits & brings Rs.30000 as his capital & Rs.10000 for his share of goodwill.the new profit sharing ratio between partners will be 3:2:2:2.goodwill amount will be credited in the capital accounts of
ans: (a).A,B,C (b).A,B (c).B,C (d).A,B,C,D.
share of S i.e 3/12 will be shared in ratio 4;3
A new share = 5/12 + 3/12*4/7 = 47/84
and
R new share is =4/12 +3/12*3/7= 37/84
new profit share =47:37
goodwill will be credited in the accounts of those partners who are sacrificing their profit ratio
therefore
sacrifice =old -new share
A=4/9-3/9=1/9 (sacrifice)
B=3/9-2/9=1/9(sacrifice)
C=2/9-2/9=nil
hence credited in A&B
agree
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