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

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A and B share profits in (5:4). C is admitted for (1/9) share taken from A and B in the sacrificing ratio (2:1). What is the new profit sharing ratio?

Answer and explanation

Correct answer: (13:11:3)

C's (1/9) share is taken in (2:1) so A sacrifices (2/27) and B sacrifices (1/27). New shares are (13/27,11/27,3/27).

Related tags

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

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