Question

Pradeep and Sandeep are partners sharing profits and losses in the ratio 5:3. They admit Pramod into partnership and offer him 1/6th of the share, which he acquired in the ratio 3:1 from the old partners. Calculate NPSR.

Name: pradeep and sandeep are partners sharing profits and losses in the ratio 53 they admit pramod into partnership and offer him 16th of share which he acquired in the ratio 31 from old partners 40925
Uploaded: 2023-07-03T12:12:05-08:00
Duration: 4 min 11 s
Channel: Adi S
Description: pradeep and sandeep are partners sharing profits and losses in the ratio 53 they admit pramod into partnership and offer him 16th of share which he acquired in the ratio 31 from old partners 40925

          Pradeep and Sandeep are partners sharing profits and losses in the ratio 5:3. They admit Pramod into partnership and offer him 1/6th of the share, which he acquired in the ratio 3:1 from the old partners. Calculate NPSR.

Added by Kristen M.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Adi S

07/03/2023

Step 1

Pradeep and Sandeep share profits and losses in the ratio 5:3. So, their total share is 5+3 = 8. Show more…

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Pradeep and Sandeep are partners sharing profits and losses in the ratio 5:3. They admit Pramod into partnership and offer him 1/6th of the share, which he acquired in the ratio 3:1 from the old partners. Calculate NPSR.