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

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

Answer and explanation

Correct answer: A B C D (21:11:8:10)

D's (1/5) share is sacrificed in (2:2:1) so sacrifices are (2/25) (2/25) and (1/25). New shares are (21/50) (11/50) (8/50) and (10/50).

Related tags

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

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