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If the new partner's share is taken from old partners in the old ratio, what will happen to the new shares of old partners?

Answer and explanation

Correct answer: They will share the balance profit in old ratio

Sacrifice in old ratio means the balance profit is also shared in the old ratio. This is a very common exam pattern.

Related tags

Old RatioSacrificeConceptNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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