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) X and Y are partners sharing profits and losses in the ratio of 7:5. They admit Z, a new partner, who acquires 1/12th from X and 1/6th from Y as his share. b) A and B are partners in the firm sharing profits and losses in the ratio of 5:3. A surrenders 1/20th of his share, whereas B surrenders 1/24th of his share in favour ofC, a new partner. c) N and M are partners sharing profits in the ratio of 2:1. They admit O into the partnership for the 1/4th share of profit. O has acquired the share from old partners in the ratio of 3:2. d) P and Q are partners sharing profit and losses in the ratio of 5:3. R is admitted for 1/5th share and he acquires all his share from P.

Posted by Nafisa Jalali 4 years ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Mahi . 4 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Palak Sharma 4 months ago

CBSE > Class 12 > Accountancy

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