Mohan Naresh and Om were in partnership sharing profit and losses in the ratio of 10 ratio 4 ratio 1 on 1st April 2021 their capitals versus 3 lakh 150000 and 50000 respectively on the state the admit used as a new partner at the new partner profit sharing ratio is agreed at 5 ratio 4 ratio 4 ratio to the following terms were also agreed upon the usual bring in 40000 as its capital

Question

Mohan Naresh and Om were in partnership sharing profit and losses in the ratio of 10 : 4:1 on 1st April 2021 their capitals weres 3 lakh 150000 and 50000 respectively on the state the admit  Piyush as a new partner at the new partner profit sharing ratio is agreed at 5 ratio 4 ratio 4 ratio 2  following terms were also agreed upon the piyush bring in 40000 as its capital