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How to calculate new(admitting) partners capital …

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How to calculate new(admitting) partners capital on the basis of old partners?

Posted by Mitthu Singh 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Karishma Kandoi 8 years, 2 months ago

first of all calculate the combined capital of old partners (adjusted) . then suppose the share of new partnwr is 1/5 so remaining profit would be 4/5 so .on the basis of sum of the adj. capital calculate capital of new firm .. now u can calculate the share of admitting patner in capital

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