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2) A,B and C are partners sharing profits and Losses at 2A; 5B and 1C. They decided to admit D. D should bring capital to
2) A,B and C are partners sharing profits and Losses at 2A; 5B and 1C. They decided to admit D. D should bring capital to that of B. New partners sharing ratios are 2A;3B; 4C and 3D. Goodwill is valued at OMR40,000 to be brought in the business books. There is total increase in assets revaluation by OMR 16,800 . You are required to show capital accounts in columnar form. Note: Balances b/d for partners capital accounts given in the table below
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