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X,Yand Z are partners sharing profits …

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X,Yand Z are partners sharing profits and losses in the ratio 4:2:3.z retires and he surrendered 1/9th of his share in favour of x and the remaining in favour of y . the new profit sharing ratio of x and y is:

Posted by Kush Pal 5 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Shruti Lohani 5 years, 10 months ago

May be it helps u dude?

Shruti Lohani 5 years, 10 months ago

X's New Share=4/9+1/9=5/9 Y's New Share=2/9+2/9=4/9 Hence, Z's 1/9 share surrendered to X. Then, Remaining share of Z means 2/9 will be surrendered to Y. New Profit Sharing Ratio Of X and Y=5:4

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