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

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A B and C share profits in (4:5:3). D gets (1/6) share and D's share is given in old ratio. What will be the new ratio?

Answer and explanation

Correct answer: A B C D (20:25:15:12)

Old partners retain (5/6) and it is divided in (4:5:3). The shares are (20/72) (25/72) (15/72) and (12/72).

Related tags

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

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