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A and b are partners in …

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A and b are partners in a firm in the ration 4:1 they admit c as a new partner for 1/4 share in the profit which he accquires wholly from A find out the new profit sharing ratio

Posted by Mr Husain Box 6 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Anjali Anjali 6 years, 2 months ago

Let total share be 1 C's share=1/4 Remaining share = 1-1/4=3/4 New PSR=old PSR×remaining A's new share: 4/5×3/4=12/20 B's new share: 1/5×3/4=3/20 C's share: 1/4×5/5=5/20 So new PSR= 12:3:5

Sanskar Chhabra 6 years, 2 months ago

11:4:5

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