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A and bare partners sharing ratio …

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A and bare partners sharing ratio 7:5. They agree to admit C, their manger into partnership who is to get 1/6th share in the profit he acquirers this share as 1/24th from A and 1/8th from B calculate new profit shearing ratio

Posted by Gurlal Sarah 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Nikhil Sharma 6 years, 7 months ago

A's sacrifice is 1/24
So A's new share will be old less sacrifice which is 7/12 - 1/24= 13/24
B's sacrifice is 1/8
So B's new share will be same old less sacrifice which is 5/12 - 1/8= 7/24
And C's share is 1/6 multiplied both numerator and denominator by 4 to make all ratios of same denominator 1/6 * 4/4= 4/24
So new ratio is 13:7:4.

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