Question: A and B are two partners sharing profit and loss in the ratio of 2 : 3.C is admitted as a third partner for

A and B are two partners sharing profit and loss in the

A and B are two partners sharing profit and loss in the ratio of 2 : 3.C is admitted as a third partner for which he brings Rs. 6,000 in cash as his share of goodwill, the partners decided to share profit and loss in the ratio of 4:6:6 in future. Find the sacrificing ratio.

Step by Step Solution

★★★★★

3.52 Rating (152 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

A B C 2 3 6 Explanation A B C 2 3 6 A and B are sharing profits and losses in the ratio of ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

From the following information obtained from the books of Kundan Ltd., calculate the inventory turnover ratio for the years 2015-16 and 2016-17: 2015-16 2016-17 Rs. Rs. Inventory on 31st March...

The number of married people in the United States and the total number of adults in the United States (in millions) are provided in the accompanying table for several years. Find the percentage of...

A company manufacturers a product in the United States and sells it in England. The unit cost of manufacturing is $50. The current exchange rate (dollars per pound) is 1.51. The demand function,...

Let the universe for both variables x and y be the set {1, 2, 3, 4, 5, 6}. Let p(x, y) = "x divides y." Give the truth values of each of the statements; explain your answer, and give a counterexample...

Determine to the nearest percent the IRR on the following projects: a. An initial outlay of $ 10,000 resulting in a free cash flow of $ 2,000 at the end of year 1, $ 5,000 at the end of year 2, and $...

This table shows input and output values for a linear function f(x). What is the positive difference of outputs for any two inputs that are two values apart? Enter your answer in the box. x f(x) 3...

The following is a probability distribution of the number of defects on a given contact lens produced in one shift on a production line: Let A be the event that one defect occurred, and B be the...

The following is a probability distribution of the number of defects on a given contact lens produced in one shift on a production line: Number of Defects 0 1 2 3 4 Probability 0.50 0.20 0.15 0.10...

26. An organisation is considering periodic replacement of 2,000 units of an item which follows sudden failure mechanism. It is now following a policy ofreplacing items as they fail at a cost of Rs...

Color the map by using a maximum of four colors so that no two regions with a common border have the same color. 2 3 4

The Plymouth Company differs from the New York Company (described in Problem 13-56 ) in only one respect: It has both variable and fixed manufacturing costs. Its variable costs are $.14 per gallon,...

a) Draw the individual modes (circuits) of operation as discussed in class. In each (circuit) mode, show clearly which device is conducting and which one isn't. Using clearly marked arrows, show the...

Which of the following statements is correct? A South African company has the following financial information: Earnings R 1 5 million Capital expenditure R 2 1 million Depreciation R 8 million Debt...

Change is inevitable when it comes to health and healthcare. Patients are going to have changing diagnoses and have a change in health at any time. In this case study, we saw a few things change...

In the Final dept of OMEGA Co. materials are introduced when processing is half-done. In May 19x6, charges to this department were: May 1 inventory, 15000 units (40% done) Received from prior...

Blade Angle of Attack. The BK 117 helicopter has the following characteristics: m = 3200 kg f = 1.55 m2 (estimated) _T = 8 = 0.074 = 6.61 (at sea level) R = 5.5 m V_tip = 221 m/s a = 5.79 per radian...

. AiFO Nerpetus/ Ieventory 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustroted in Exhibie 3 , using the first-in,...

Determine which of the following tests would be appropriate to use to determine the convergence of the series below. n = 1 1 ln ( n ) Does the series converge or diverge? Select all that apply: Root...

Suppose a stratified random sample is taken with two observations per stratum. Show that if Then First note that Then express á¹¼BRR (str) directly using yh1 and yh2. VBRRst)str

Suppose the phase I sample is an SRS of size n(1), and the phase II subsample is an SRS of size n(2), with n(2) The same variance that would result if a SRS of size n(2) were taken directly. vP) = N...

Survey evidence is often introduced in court cases involving trademark violation and employment discrimination. There has been controversy, however, about whether non probability samples are...

Jack and Liz live in a community property state and their vacation home is community property. This year they transferred the vacation home to an irrevocable trust that provides their son, Tom, a...

In 2010 Casey made a taxable gift of $5 million to both Stephanie and Linda (a total of $10 million in taxable gifts). Calculate the amount of gift tax due this year and Casey's unused exemption...

For the holidays, Marty gave a watch worth $25,000 to Emily and jewelry worth $40,000 to Natalie. Has Marty made any taxable gifts this year and, if so, in what amounts? Does it matter if Marty is...