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A and B are partners in a firm sharing profit and losses in the ration of 1:1 . C Is admitted a surrenders 1/4th share and B surrenders 1/4 th of his share in the favour of C. calculate the new profit sharing ratio. |
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Answer» 3 Explanation: A:B=1:1 C is admitted to the firm A surrender 1/4th SHARE THEREFORE, A's NEW share = 1/2-1/4=2/8 B surrender 1/4th of his share =1/4×1/2=1/8 therefore, B's new share =1/2-1/8=3/8 C's share=1/4+1/8=3/8 hence, new PSR =2:3:3 |
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