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

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A and B shared profits in (5:7). After admission the new ratio is (7:8:5). What will be the sacrificing ratio of A and B?

Answer and explanation

Correct answer: (4:11)

A's sacrifice is (5/12-7/20=4/60) and B's sacrifice is (7/12-8/20=11/60). So the sacrificing ratio is (4:11).

Related tags

Sacrificing Ratio Old Ratio New Ratio New Profit Sharing Ratio Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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