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The old ratio is (4:3:1). A new partner is admitted for (1/8) share and the second partner does not sacrifice. The first and third partners sacrifice equally. What is the new ratio?

Answer and explanation

Correct answer: (7:6:1:2)

The new partner gets (1/8), so first and third sacrifice (1/16) each. The new shares are (7/16,6/16,1/16,2/16).

Related tags

Equal SacrificeNo SacrificeExpertNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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