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A and B share profits in (4:3). C takes (2/7) share. C takes (1/7) from A and the balance from B. What is the sacrificing ratio?

Answer and explanation

Correct answer: (1:1)

C's total share is (2/7) and (1/7) is taken from A. The balance from B is also (1/7) so the sacrificing ratio is (1:1).

Related tags

Share TakenSacrificing RatioNumericalGoodwill AccountingReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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