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P and Q are partners sharing …

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P and Q are partners sharing profits in the ratio of 3:2.They admit R,a new partner who acquires 1/5 of his share from P and 4/25share from Q calculate new profit sharing ratio and sacrificing ratio

Posted by Saim Khan 8 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Rohan Goyal 8 years, 6 months ago

We didn't know that what is share of R and we are given that R acquire 1/5 of his share from P And 4/25 share from Q So let R's share -x SO,x=1/5x+4/25 x-1/5x=4/25 Hence x become =1/5 Sacrifice of P=1/5×1/5=1/25 Sacrifice of Q=4/25 Hence sacrifising ratio=1:4 New shares- P=3/5-1/25=14/25 Q=2/5-4/25=6/25 R=1/5×5/5=5/25 Hence new ratio-14:6:5

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