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A and B are partners sharing profits and...

A and B are partners sharing profits and losses in the ratio of 2 : 5. They admit C on the condition that he will bring RS.14,000 as his share of goodwill to be disributed between A and B C's share in the future profit or losses will be 1/4th. What will be the new profit-sharing ratio and what amount of goodwill brought in by C will be received by A and B?

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A will get RS.4,000, B will get RS.10,000, New Profit-sharing Ratio-6 : 15 : 7.
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TS GREWAL-Admission of a Partner-EXERCISE
  1. P and Q are partners sharing profits in the ratio of 3 : 2. They admit...

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  2. A and B are partners sharing profits and losses in the ratio of 2 : 1....

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  3. A and B are partners sharing profits and losses in the ratio of 2 : 5....

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  4. A and B are partners in a firm sharing profits and losses in the rati...

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  5. B and C are in partnership sharing profits and losses as 3 : 1. They a...

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  6. M and J are partners in a firm sharing profits in the ratio of 3 : 2. ...

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  7. A and B are in partnership sharing profit and losses in the ratio of 5...

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  8. A and B are partners sharing profits and losses in the ratio of 7 : 5...

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  9. X and Y are partners sharing profits in the ratio of 3 : 1. Z is admit...

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  10. Anshul and Parul are partners sharing profits in the ratio of 3 : 2. T...

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  11. A and B are partners in a firm sharing profits and losses in the ratio...

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  12. Aun and Bhagwan were partners in a firm sharing profits in the ratio 3...

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  13. X and Y are partners in a firm sharing profits in the ratio of 3 : 2....

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  14. A and B are partners in a business sharing profits and losses in the r...

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  15. A and B were partners in a firm sahring profits and losses in the rati...

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  16. A and B are partners sharing profits in the ratio of 2 : 1. They admit...

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  17. A and B are partners sharing profits and losses in the ratio of 3 : 2....

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  18. On the admission of Rao, goodwill of Murty and Shah is valued at RS.30...

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  19. A and B are partners sharing profits in the ratio of 3 : 2. Their boo...

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  20. A, B and C are in partnership profits and losses in the ratio of 5 : 4...

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