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A and B's old ratio was (3:2) and new ratio is (1:1). Who gains?

Answer and explanation

Correct answer: B

A's share decreases from (3/5) to (1/2) and B's share increases from (2/5) to (1/2). So B gains.

Related tags

GoodwillChange In RatioGain SacrificePartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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