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Class 12 Accountancy Reconstitution - Admission of a Partner Goodwill AccountingMedium

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A and B share in old ratio (3:1). The new ratio among A B and C is (2:1:1). What is A's sacrifice?

Answer and explanation

Correct answer: (1/4)

A's old share is (3/4) and new share is (2/4) so sacrifice is (1/4). Write old and new shares with common denominator.

Related tags

New Ratio Sacrifice Calculation Numerical Goodwill Accounting Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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