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learning-act.edu.om 3:41 a Faisal Sold Saif Alhadhram Mr. Asil and Mr. Basil were partners in a firm sharing profits and losses in the ratio of

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learning-act.edu.om 3:41 a Faisal Sold Saif Alhadhram Mr. Asil and Mr. Basil were partners in a firm sharing profits and losses in the ratio of 3: 2. They admitted Mr. Ziyad as a new partner for 3/7th share in the profit and the new profit-sharing ratio will be 2:23. Mr. Ziyad brought OMR 200,000 as his capital and OMR 150,000 as premium for goodwill. Half of their share of premium was withdrawn by Mr. Asil and Mr. Basil from the firm a. Calculate Mr. Asil's sacrificing ratio? b. Calculate Mr. Basil's sacrificing ratio? c. If Mr. Anil and Mr. Basil withdraw their share of goodwill, pass the journal entry to show cash withdrawn by the partners

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