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Bharat and bushan are partners in …

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Bharat and bushan are partners in a firm sharing profit and losses in the ratio 5:3 they admit bhagat for 1/5 share he aquires his share equally from old partners calculate the new profit sharing ratio

Posted by Aditya Gupta 5 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Akashdeep Singh 5 years, 3 months ago

Let total share=1 Bhagat share=1/5 NewShare of bharat =5/8*4/5=20/40 New share of bushan=3/8*4/5=12/40 In order to equalize denominator multiply by 4 Bhagat share=1/5*4/4=8/40 New sharing ratio 20:12:4

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