A and B are partners sharing profits ratio of 5 : 3 They decide to admit C into firm 1/6^th share. Calculate new profit sharing ratio and sacrificing ratio.

A and B are partners sharing profit and losses ratio 5 : 3. They admit 'C' as a partner. 'c' acquires his share 4/20 from 'A' and 2/20 from 'B'. Find out the new profit sharing ratio and sacrificing ratio.

X and Y are partners sharing ratio of 3 : 2. They admit Z into partnership. Z paying a premium of Rs. 2,000 for 1/4^th share of profit. The new ratio is 3, 3: 2 Good will of firm appears Rs. 20,000 journalise.

R and S are partners ratio of 5:1. They admit 'T' into the partnership for 1/3^rd share in the profits. If was agreed that R and S would also qhare profits equally. 'T' brought Rs. 1,00,000 as goodwill for his share of profit and Rs. 2,00,000 as his capital. Show the journal entries.

Anandan and Bhaskarall were partners in a firm sharing profit and loss in the ratio 3 : 2 Admit Chandran 1/3^rd share, the old partners sacrificing equally. calculate new profit ratio and sacrificing ratio.