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L, M and N are partners in a firm. share profit and loss 5:3:2 they admit O as a new partners for 1/6 share. it us also agreed that N would retain original share. calculate new ratio.
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L, M and N are partners in a firm. share profit and loss 5:3:2 they ad...
Reconstitution of a Partnership Firm: Admission of a Partner
Given Information:
Calculation of New Ratio:
Conclusion:
After the admission of O, the new profit sharing ratio of L, M, N, and O will be 55:33:22:11.
Given Information:
- L, M, and N are partners in a firm with a profit and loss sharing ratio of 5:3:2.
- O is a new partner who is admitted for a 1/6 share.
- N will retain the original share.
Calculation of New Ratio:
- Initially, the total profit sharing ratio was 5+3+2=10.
- As O is admitted for a 1/6 share, the new profit sharing ratio will be 10+1=11.
- Since N retains the original share, the new ratio of L, M, and N will be in the ratio of 5:3:2.
- The share of O will be 1/6 of the new ratio, which is (1/6) x 11 = 11/66.
- Therefore, the new profit sharing ratio of L, M, N, and O will be 55:33:22:11.
Conclusion:
After the admission of O, the new profit sharing ratio of L, M, N, and O will be 55:33:22:11.
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L, M and N are partners in a firm. share profit and loss 5:3:2 they admit O as a new partners for 1/6 share. it us also agreed that N would retain original share. calculate new ratio. Related: Chapter Notes - Reconstitution of a Partnership Firm: Admission of a Partner?
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L, M and N are partners in a firm. share profit and loss 5:3:2 they admit O as a new partners for 1/6 share. it us also agreed that N would retain original share. calculate new ratio. Related: Chapter Notes - Reconstitution of a Partnership Firm: Admission of a Partner? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about L, M and N are partners in a firm. share profit and loss 5:3:2 they admit O as a new partners for 1/6 share. it us also agreed that N would retain original share. calculate new ratio. Related: Chapter Notes - Reconstitution of a Partnership Firm: Admission of a Partner? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for L, M and N are partners in a firm. share profit and loss 5:3:2 they admit O as a new partners for 1/6 share. it us also agreed that N would retain original share. calculate new ratio. Related: Chapter Notes - Reconstitution of a Partnership Firm: Admission of a Partner?.
L, M and N are partners in a firm. share profit and loss 5:3:2 they admit O as a new partners for 1/6 share. it us also agreed that N would retain original share. calculate new ratio. Related: Chapter Notes - Reconstitution of a Partnership Firm: Admission of a Partner? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about L, M and N are partners in a firm. share profit and loss 5:3:2 they admit O as a new partners for 1/6 share. it us also agreed that N would retain original share. calculate new ratio. Related: Chapter Notes - Reconstitution of a Partnership Firm: Admission of a Partner? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for L, M and N are partners in a firm. share profit and loss 5:3:2 they admit O as a new partners for 1/6 share. it us also agreed that N would retain original share. calculate new ratio. Related: Chapter Notes - Reconstitution of a Partnership Firm: Admission of a Partner?.
Solutions for L, M and N are partners in a firm. share profit and loss 5:3:2 they admit O as a new partners for 1/6 share. it us also agreed that N would retain original share. calculate new ratio. Related: Chapter Notes - Reconstitution of a Partnership Firm: Admission of a Partner? in English & in Hindi are available as part of our courses for Commerce.
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