X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4th share in profit. Z acquired his share from X and Y in the ratio of 2 : 1.
Calculate new profit-sharing ratio.
interest payable to A -Rs. A-Rs. `xx`3/5`xx`6/10 `xx`6/12=Rs. 540,
interest payable to B-Rs. 30,000`xx`2/5`xx`6/10 =Rs. 360.
Hint :- According to the partnership Act 1932 interest @6% p.a payable on the...