Saved Bookmarks
| 1. |
A and B are partners in a firm sharingprofit 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. |
|
Answer» 2:3:3 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 |
|