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Mohd and Dany are partners in a firm sharing profit in the ratio 84. Their capital accounts showed the balance on Jan 1, 2020, as

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"Mohd and Dany are partners in a firm sharing profit in the ratio 84. Their capital accounts showed the balance on Jan 1, 2020, as JD 150,000 shared equally They adimad Hashim as a new partner under the bonus method for 1/4th share in capital & profit. Hashim invests JD40,000 cash. The new profit-sharing ratio will be 21:1(Mohd: Dany Hashim, Mohd's share capital after admission is JO 47.500 JO 50.000 JD 70.500 "JD 75,000

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