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A B and C share profits in (6:3:1). D is admitted for (1/5) share which is taken from A and B in (3:1) and nothing from C. What will be the new ratio?

Answer and explanation

Correct answer: A B C D (9:5:2:4)

D's (1/5) share comes from A and B in (3:1) so A sacrifices (3/20) and B (1/20). New shares are (9/20) (5/20) (2/20) and (4/20).

Related tags

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

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