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

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K and Kh share profits in (4:5). G gets (1/5) share. K sacrifices (1/9) and the balance is taken from Kh. What will be the new ratio?

Answer and explanation

Correct answer: K Kh G (15:21:9)

G's total share is (1/5) so Kh's sacrifice is (1/5-1/9=4/45). The new shares are (15/45) (21/45) and (9/45).

Related tags

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

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