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A and B are partners sharing …

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A and B are partners sharing profit in the ratio of 3:2 . They admit C as a partner for 1/3 share. Calculate new profit sharing ratio

Posted by Alisha Wadhwa 6 years, 6 months ago

CBSE > Class 12 > Accountancy

2 answers

Kirti Ohlyan 6 years, 6 months ago

A:B. 3:2 C share of profit-1/3 Let's firm profit be ₹1 Therefore, c share of profit 1x1/3=1/3 Remaining share of profit of A and. B for future= 1- 1/3=2/3 A's new profir sharing ratio 2/3 of 3/5=6/15 B's new profit sharing ratio 2/3 of 2/5=4/15 C's share of profit=1/3 New pprofit sharing ratio of A,B and C= 6/15:4/15:1/3 6:4:5

Sakshi Sharma??️??️ 6 years, 6 months ago

NEW PROFIT SHARING RATIO = 6:4:5

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