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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 (8:2). C gets (1/5) share only from A. What is the new ratio?

Answer and explanation

Correct answer: (3:1:1)

A's old share was (4/5). After sacrificing (1/5), A's new share is (3/5) so the ratio is (3:1:1).

Related tags

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

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