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P,Q,R are partner sharing profits in …

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P,Q,R are partner sharing profits in the ratio of 7:5:3. P retires and it decided that profit sharing ratio between Q andR will be same as existing between P andQ . Calculate new profit sharing ratio and gaining ratio

Posted by Bhawna Saraswat 6 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Vivek Kanojiya 6 years, 2 months ago

Ratio between P and Q is 7:3 Then New ratio of Q and R will be 7:3 Now u ve the new ratio between Q and R u can calculate the gaining ratio. New-old I.e 7:3 - 5:3

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