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

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A and B share profits in (7:2). C gets (1/9) share. C's share is taken only from A. What will be A and B's new mutual ratio?

Answer and explanation

Correct answer: (2:1)

A becomes (7/9-1/9=6/9) and B remains (2/9). The old partners' new mutual ratio should be (6:2=3:1).

Related tags

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

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