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In the admission of the partner... …

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In the admission of the partner... When the old ratio is given and the incoming partner entirely acquires from a particular partner... How to find out the new profit ratio and sacrificing ratio

Posted by Martina Richline 6 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Ankit Arya 6 years, 4 months ago

very simple.. lets take eg. A and B are partners sharing profit in the ratio 3:2 . C admitted for 1/5 share in profit and acquired wholly from A. then new ratio will be A 3/5 -1/5 =2/5.... B 2/5 C 1/5 so new ratio will be 2:2:1

Pankaj Rawat 6 years, 5 months ago

We need to let profit of that year i.e. Let the total profilt of this year =1 remaining profit = 1-share of new profit then, Multiply the remaining share with the old ratio of old partners and then match the denominator Here is your answer

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

0 answers

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