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

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Old partners share in (2:2:3). A new partner takes (1/7) share and all old partners sacrifice in the old ratio. What is the new ratio?

Answer and explanation

Correct answer: (12:12:18:7)

The old partners' remaining share is (6/7). Dividing it in (2:2:3) gives (12/49,12/49,18/49), and the new partner has (7/49).

Related tags

Old Ratio Sacrifice Remaining Share New Ratio New Profit Sharing Ratio Reconstitution Admission Of A Partner Accountancy Class 12 Mcq

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