\(2:1:1\)
To calculate the new profit-sharing ratio after admitting Kunal, we start with the existing ratio of Aman's and Riya's shares, which is 5:3. This means Aman has a share of \( \frac{5}{8} \) and Riya has \( \frac{3}{8} \) of the total profit.
Kunal is admitted with a \( \frac{1}{4} \) share, which he takes equally from Aman and Riya. Therefore, each of Aman and Riya's shares will be reduced by \( \frac{1}{8} \) (since \( \frac{1}{4} \div 2 = \frac{1}{8} \)).
Calculating the new shares:
Now, we need the new ratio. The fractions \(\frac{1}{2}\), \(\frac{1}{4}\), and \(\frac{1}{4}\) can be expressed with a common denominator, which is 4:
Thus, the new profit-sharing ratio of Aman, Riya, and Kunal is \(2:1:1\).
The following journal entry appears in the books of X Co. Ltd.
\[\text{Bank A/c Dr. 4,75,000} \\ \text{Loss on Issue of Debentures A/c Dr. 75,000} \\ \text{To 12\% Debentures A/c 5,00,000} \\ \text{To Premium on Redemption of Debenture A/c 50,000} \]
In this case, the debentures have been issued at a discount of 5%. What is the rate of premium on redemption of debentures?
Match List – I with List – II:
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Match List I with List II:
Choose the correct answer from the options given below: