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A and B are equal partners.they …

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A and B are equal partners.they admit C and D as partners with 1/5 and 1/6 share .find new profit sharing ratio.

Posted by Sharan Kaur 6 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Amandeep Kaur 6 years, 7 months ago

Old ratio of A and B = 1:1 C's share =1/5 D's share =1/6 Remaining share = 1- (1/5+1/6) = 1- 11/30 =19/30 A's new share = 19/30 ×1/2 =19/60 B's new share =19/30 × 1/2 = 19/60 Hence, New P. sharing ratio= 19/60 : 19/60 : 1/5 : 1/6 = 19/60 : 19/60 : 12/60 : 10/60 =19 : 19 : 12 : 10

Ashish Balwada 6 years, 7 months ago

6:5

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