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Assertion: If old partners' shares reduce in the same proportion after admission then the sacrificing ratio is the old ratio. Reason: Both old partners sacrifice the same percentage of their old shares. Choose the correct option.

Answer and explanation

Correct answer: Both assertion and reason are true and the reason is the correct explanation

If old shares reduce proportionately, sacrifice is in the old ratio. Equal percentage sacrifice correctly explains this.

Related tags

Assertion ReasonOld RatioSacrificing RatioNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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