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Class 12 Accountancy Reconstitution - Admission of a Partner New Profit Sharing RatioEasy

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If A and B's new mutual ratio is (4:3) and C's share is (1/8) then what can be C's part in the total ratio?

Answer and explanation

Correct answer: (7)

Old partners' total share is (7/8) and it is in (4:3). Taking denominator (56) gives C's share (1/8=7/56).

Related tags

Admission New-Profit-Sharing-Ratio Class-12 New Profit Sharing Ratio Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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