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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 (11:4). C is admitted for (1/5) share and C's share is sacrificed by A and B in (2:1). What will be the new ratio?

Answer and explanation

Correct answer: A B C (9:3:3)

A sacrifices (2/15) and B sacrifices (1/15). New shares are (3/5) (1/5) and (1/5) so the ratio can be written as (9:3:3).

Related tags

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

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