Partnership account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2011
A,B,C are partners in the ratio 3:2:1. D is admitted in the firm for 1/6th share in profits. C would retain his original share. The new ratio between A,B,C and D will be?
How to Calculate?
How to Calculate?
19 October 2011
A 3/6-1/6*3/5=12/30
B 2/6-1/6*2/5=8/30
C 1/6*5/5=5/30
D 1/6*5/5=5/30
Therefore,New ratio=12:8:5:5
B 2/6-1/6*2/5=8/30
C 1/6*5/5=5/30
D 1/6*5/5=5/30
Therefore,New ratio=12:8:5:5
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