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The partners' new shares are 8/15, 4/15 and 3/15. What is the new ratio?

Answer and explanation

Correct answer: 8:4:3

All three fractions have the same denominator, 15. When fractions have a common denominator, their ratio is obtained directly from their numerators: 8:4:3. The numerators already have no common factor greater than 1, so this ratio is also in its simplest form. Options C and D rearrange the partners' shares, while option B ignores the actual numerators and is therefore incorrect.

Related tags

New Profit Sharing RatioAdmissionRatio SimplificationPartnership AccountsNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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