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A B and C share profits in (2:5:3). D gets (1/10) share which is taken only from B. What will be the new mutual ratio of old partners?

Answer and explanation

Correct answer: (2:4:3)

A and C do not change. B becomes (5/10-1/10=4/10) so old partners' new mutual ratio is (2:4:3).

Related tags

AdmissionMutual-RatioHardNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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