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Mgungundlovu Plumbers, specialising in plumbing services and material supplies within the uMgungundlovu District Municipality, is a partnership originally established between Mkhuzeni and Akezwa. The partners
Mgungundlovu Plumbers, specialising in plumbing services and material supplies within the uMgungundlovu District Municipality, is a partnership originally established between Mkhuzeni and Akezwa. The partners have been shating profits and losses on an equal basis. On July the following data was extracted from the partnership's financial records:
EXTRACT of given information for Mgungundlovu Plumbers
tableCapital Mkhuzeni,Current account Mkhuzeni DrCapital Akezwa,Current account Akezwa Cr
Additional information
The partners needed special skills and experience with the latest leak detection technology and went out to seek a suitable partner to join the business. After a long search and interactions with various individuals, they resolved to welcome a new partner, Kahle, into the business commencing September
To acquire a interest in the net assets of Mgungundlovu Plumbers, Kahle is set to contribute:
Leak detection equipment worth R
ii Nissan NP Bakkie valued at R
iii. Bespoke Analysis Software worth R
iv Cash R
Before Kahle's admission, the existing partners consented to cede a combined of their entitlement to the partnership's profits or losses to Kahle, allocated in a : ratio between them.
A comprehensive revaluation of all other assets was conducted before Kahle joined the partnership and after the revaluation, a profit of R was accurately calculated.
Which one of the following alternatives represents the new profitsharing ratio after the admission of Kahle into the new partnership?
a::
b::
c::
d::
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