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A's old share is (5/12) and new share is (1/3). B's old share is (7/12) and new share is (1/2). C is the new partner. Who sacrificed more?

Answer and explanation

Correct answer: Both sacrificed equally

A's sacrifice is (5/12-1/3=1/12) and B's sacrifice is (7/12-1/2=1/12). So both sacrificed equally.

Related tags

Sacrifice ComparisonEqual SacrificeNumericalGoodwill AccountingReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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