question_answer

Arrange the steps of adjustment of partners capital on the admission of a new partner in sequence.

1. Calculate the adjusted capital of old partners.

2. Calculate the proportionate capital of new partner.

3. All adjustments should be made.

4. Calculate the total capital of new firm.

Codes

A)          3, 1, 4, 2                     

B)  3, 4, 1, 2    

C)         4, 3, 2, 1                     

D)  3, 4, 2, 1