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{"ops":[{"insert":"Da Silva and Ehlers decided to admit Fischer as from 1 January 2018 as a partner under the following terms and conditions.\nFischer will receive 1/5 of profits and losses\nDa Silva will contribute in the ratio 2:1 toward Fischer s 1/5 profit share\nFischer must pay N$180 0000 for her 1/5 share in the partnership s assets.\nThe assets of the partnership were re - valued on 1 January and the revaluation account revealed a surplus of N$60 000.\nRequired: \nCalculate the new profit sharing ratio after the admission of Fischer.\n"}]}
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