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{"ops":[{"insert":"Calculate the new profit sharing ratio after the admission of Fischer.\nDa Silva and Ehlers decided to admit Fischer as from 01 January 2018 as a partner under the following term and conditions:\nFischer will receive 1\/5 of the profit and losses.\nDa Silva and Ehlers will contribute in the ratio 2: 1 toward Fischer s 1\/5 profit share \nFischer must pay N$1800000 for her 1\/5 share in the partnerships assets\nThe assets of the partnership were re- valued on 1 January 2018 and the revaluation account revealed a surplus of N$60000 \n\n"}]}
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