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If new partner has to bring proportionate capital which is not given, how is it determined?

Anurag Pathak
July 18, 2023
[ISC] Admission of Partner, [ISC} TS Grewal Solutions, Accountancy Class 12th

826 viewsJuly 18, 2023[ISC] Admission of Partner [ISC} TS Grewal Solutions Accountancy Class 12th

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Anurag Pathak28.36K July 18, 2023 0 Comments

If new partner has to bring proportionate capital which is not given, how is it determined?

Anurag Pathak Changed status to publish July 18, 2023

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Anurag Pathak28.36K Posted July 18, 2023 0 Comments

Step 1:

Calculate ‘Total Capital’ of New Firm as:

Total Adjusted Capital of Old Partners × Reciprocal of Total New Profit Share of Old Partners.

Step 2:

Calculate Capital of the New Partner as:

Total Capital (Step 1) × Profit Share of New Partner

Anurag Pathak Changed status to publish July 18, 2023

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.