Past Adjustments in Partnership Accounts

enter image description here

enter image description here

Sir from the following set of question and answer, I have a doubt -

  1. How do we get the ratio in which the partners will share profits (Amount to be credited)
asked Mar 16, 2016 in Partnership-Fundamentals by Valerio (37 points) 1,046 views

1 Answer

0 votes
Look at the point (iv) of the additional information "Partners will share profits in the ratio of Capitals".
answered Mar 16, 2016 by jbsclasses (3,971 points)
sir but how do we get the ratio from capitals 5,00,000 , 2,50,000 and 2,50,000 is my doubt. I understood the point in the question but can't get the ratio.
Ratio of partners = 500000 : 250000 : 250000, divide all the three quantities by 250000

= 500000/250000 : 250000/2 : 250000/250000

= 2 : 1 : 1
...