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P and Q are partner sharing …

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P and Q are partner sharing profit and loss in the ratio of 5:3. they admit R and Z as a new partner. P sacrifice 1/2 of his share in favor of R and Q sacrifice1/4 in favor of Z . calculate new ratio.

Posted by Shriya Gupta 5 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Shalu Singh 5 years, 5 months ago

P's old share = 5/8, p's surrendered share = 5/8*1/2 = 5/16 P's new share = 5/8-5/16 = 5/16 Q's old share = 3/8, Q's surrendered share = 3/8*1/4 = 3/32 Q's new share = 3/8-3/32 = 9/32 R's new share = surrendered share of P = 5/16 Z's new share = surrendered share of Q = 3/32 New profit sharing ratio = 5/16:9/32:5/16:3/32 = 10:9:10:3÷32 = 10:9:10:3 ans..

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