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P and S are partners sharing profits in the ratio of 3:2. R is admitted with 1/5th share and he brings
in ₹ 84,000 as his share of goodwill which is Credited to the Capital Accounts of P and S respectively with
₹ 63,000 and ₹ 21,000. New profit-sharing ratio will be:?
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P and S are partners sharing profits in the ratio of 3:2. R is admitte...
In Rs. 20,000 as capital. What will be the new profit sharing ratio?Initially, P and S share profits in the ratio of 3:2, which means out of every 5 units of profit, P gets 3 units and S gets 2 units.When R is admitted with 1/5th share, it means that the total profit will now be divided into 5 parts, out of which R will get 1 part and P and S will share the remaining 4 parts in their original ratio of 3:2.So, the new profit sharing ratio will be:P : S : R = 3/5 : 2/5 : 1/5Simplifying this ratio, we get:P : S : R = 3 : 2 : 1Therefore, the new profit sharing ratio will be 3:2:1.
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P and S are partners sharing profits in the ratio of 3:2. R is admitted with 1/5th share and he bringsin ₹ 84,000 as his share of goodwill which is Credited to the Capital Accounts of P and S respectively with₹ 63,000 and ₹ 21,000. New profit-sharing ratio will be:?
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P and S are partners sharing profits in the ratio of 3:2. R is admitted with 1/5th share and he bringsin ₹ 84,000 as his share of goodwill which is Credited to the Capital Accounts of P and S respectively with₹ 63,000 and ₹ 21,000. New profit-sharing ratio will be:? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about P and S are partners sharing profits in the ratio of 3:2. R is admitted with 1/5th share and he bringsin ₹ 84,000 as his share of goodwill which is Credited to the Capital Accounts of P and S respectively with₹ 63,000 and ₹ 21,000. New profit-sharing ratio will be:? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for P and S are partners sharing profits in the ratio of 3:2. R is admitted with 1/5th share and he bringsin ₹ 84,000 as his share of goodwill which is Credited to the Capital Accounts of P and S respectively with₹ 63,000 and ₹ 21,000. New profit-sharing ratio will be:?.
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