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Mr.A and Mr.B were partners of ratio 1:1 and total ratio of the firm is 4. What is the ratio of new partner Mr.C, with

Mr.A and Mr.B were partners of ratio 1:1 and total ratio of the firm is 4. What is the ratio of new partner Mr.C, with the investment of 50,000. Required: Find Mr.C's ratio and prepare general journal. A and B are partners with ratio 1:1 and capitals 200,000 and 60,000 and .C admitted as a new partner. CASE 1: C admits with share of 20% of A, interest is 1/2. Required: total capital of the firm increases with the amount of investment.

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