Ultimate Book of Accountancy Class 12 Part A Solutions - Admission of Partner You can buy this text book from here: http://amzn.to/2s2YSxN Practical Problems Solution 1: Let the profit be = 1 Share of new partner = 1/10 Remaining profit = 1 - 1/10 = 9/10 William new share = 3/4 x 9/10 = 27/40 Andrew = 1/4 x 9/10 = 9/40 Colin = 1/10 x 4/4 = 4/40 Solution 2: Green's … [Read more...]