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

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A and B share profits in (5:3). C gets (1/6) share and C's share is sacrificed by A and B in (2:1). What will be the new profit sharing ratio?

Answer and explanation

Correct answer: A B C (37:23:12)

C's (1/6) share is sacrificed in (2:1) so A gives (1/9) and B gives (1/18). The new shares are (37/72) (23/72) and (12/72).

Related tags

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

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