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A,B and C are partners sharing …

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A,B and C are partners sharing profits in the ratio of 2:2:1. D is admitted as a new partners for 1/6 share. C will retain his original share . Calculate the new profit sharing ratio and sacrificing ratio.

    • Posted by Sharan Kaur 6 years, 7 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Ananya Garg 6 years, 7 months ago

    Old P.S.R. = 2/5: 2/5 : 1/5

    New Share of D = 1/6 = 5/30 = 10/60

    New Share of C = 1/5 = 6/30 = 12/60

    Remaining Profit = 1 - (1/5+1/6)

                               = 19/30

    Share of A = 19/30 * 1/2 = 19/60

    Share of B = 19/30 * 1/2 = 19/60

    Sacrifice share by A = 2/5 - 19/60 = 5/60

    Sacrifice share by B = 2/5 - 19/60 = 5/60

    So, Sacrifice Ratio  = 1:1

    New Profit Sharing Ratio = 19/60 : 19/60 : 12/60 : 10/60

                                            = 19: 19 : 12 : 10

    1Thank You

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