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

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K and Kh share profits in (5:4). G gets (1/5) share. K gives (1/8) to G and the balance is taken from Kh. What will be the new ratio?

Answer and explanation

Correct answer: K Kh G (31:25:18)

G's total share is (1/5) and Kh gives the balance (1/5-1/8=3/40). With common denominator the new ratio is (31:25:18).

Related tags

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

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