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Reena and Seema share profits equally. Meena is admitted for (1/4) share. If Meena gets her share equally from both old partners then what is the new ratio?

Answer and explanation

Correct answer: Reena Seema Meena (3:3:2)

Meena's (1/4) share is given equally so each old partner sacrifices (1/8). New share of each old partner is (1/2-1/8=3/8).

Related tags

AdmissionNew-Profit-Sharing-RatioClass-12New Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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