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A and B are partners in …

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A and B are partners in the firm sharing profits and losses in the ratio of 5:3. A surrenders 1/20th of his share, whereas B surrenders 1/24th of his share in favour of C, a new partner. Find a new profit sharing ratio

    • Posted by Archana Kumari Singh 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Meera Kumari 1 year, 3 months ago

    A:B 5:3* old ratio 1/20:1/24surrender value 5/20:3/24sac. Value 5/8-5/20:3/8-3/24old - sac. 15/40:9/40 new ratio.

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