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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 gets (1/3) share from A and B in the sacrificing ratio (1:2). What is the new ratio?

Answer and explanation

Correct answer: (4:2:3)

C's (1/3) share is taken in (1:2). A sacrifices (1/9) and B sacrifices (2/9) so the ratio becomes (4:2:3).

Related tags

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

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