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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 (2:3). C gets (1/5) share. If A gives (1/8) to C then the balance of C's share is taken from B. What will be the new ratio?

Answer and explanation

Correct answer: A B C (11:19:10)

C's total share is (1/5) and B gives (1/5-1/8=3/40). A B and C get (11/40) (19/40) and (10/40).

Related tags

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

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