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in Accounts by (15 points)
Ajay and Ashok are partner sharing profit and the ratio of 3 ratio 2 respective the their balance sheet is as follows liabilities credit or 30000 workman compensation fund 5000 general reserve 10000 a will Loan 20000 partners capital Ajay 60000 Ashok 40000 total have 165000 sides cash in hand 20000 letters 5000 less provision 5000 is equal to 45000 stop 20000 investment 20000 good will 10000 building 50000 total 165000 V is admitted into partnership on the following terms the new profit sharing ratio will be 5 ratio 3 ratio 2 ratio between Ashok and abhi second abhi loan should be trade as his capital third good will of the form is value at 40000 for that 10000 of investment where to be taken over by Ajay and Ashok in their profit sharing ratio we reduce by 20% 6 provision for that is better should be percent on battles and a provision for discount on that two person two should be made 7 Ajay is to withdrawal 10000 in cash

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