Balbharati, Solutions, for, Book-keeping, and, Accountancy, 12th, Standard, HSC, Maharashtra, State, Board,Chapter 3, Reconstitution of Partnership, (Admission of Partner),
Anuj and Eeshan are two partners sharing profits and losses in the ratio of 3:2. They decided to admit Aaroh for 1/5th share, the new profit sharing ratio will be ____________
12 : 8 : 5
4 : 3 : 1
12 : 8 : 1
12 : 3 : 1
Excess of proportionate capital over actual capital represents _________
__________ is credited when an unrecorded asset is brought into the business.
Partners capital Account
When goodwill is withdrawn by the partner________account is credited.
Profit and Loss Adjustment
If the asset is taken over by the partner_________ account is debited.