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Kiya and leela are partners sharing …

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Kiya and leela are partners sharing profit in the ratio of 3:2. Kiran was admitted new partner with 1\5th share in the profit and brought in Rs 24000 as her share of goodwill premium that was credited to the capital accounts of kiya and leela respectively with Rs 1800 and Rs 6000. Calculate the new profit sharing ratio of kiya, leela and kiran

Posted by Amatulla Haidery 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Suman Sharma 6 years, 7 months ago

1-1/5=4/5 new share of kiya=4/5*3/5=12/25 new share of leela=4/5*2/5=8/25 new share of kiran=1/5=5/25 new profit sharing ratio =12/25:8/25:5/25=12:8:5

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