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A and B were partners. C …

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A and B were partners. C joins them and it is decided that A receives half of B's share and C receives one third of A's share, find new profit sharing ratio.

    • Posted by Latasha Gugnani 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Nikita Lohiya 6 years, 10 months ago

    A = 1-1/3=2/3+1/2= 7/6 B = 1-1/2=1/2×3/3=3/6 C = 1/3×2/2=2/6 So the new profit sharing ratio is 7:3:2

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