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If the new partner's share is taken from old partners in their old ratio what will be the sacrificing ratio of old partners?

Answer and explanation

Correct answer: Same as old profit sharing ratio

Taking the share in the old ratio means the sacrifice is also in the old ratio. If the question gives another basis follow it.

Related tags

ConceptSacrificing RatioOld RatioNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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