Anita and Babita were partners sharing profits and losses in the ratio of 3:1. Savita was admitted for 1/5th share in the profits. Savita was unable to bring her share of goodwill premium in cash. The journal entry recorded for goodwill premium is given below : | |||||||||||||||||||||||||||||||||||||||
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The new profit sharing ratio of Anita, Babita and Savita, will be: |
A) 41 : 7 : 12
B) 13 : 12 : 10
C) 3 : 1 : 1
D) 5 : 3 : 2
Correct Answer: A
Solution :
41 : 7 : 12You need to login to perform this action.
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