1.

A and B were partners in a firm sharing profits or loss equally. With effect from –1-4- 2021 they agreed to share profits in the ratio 5:3. Due to change in profit sharing ratio B’s gain or sacrifice will be:a) Gain 1/8. b) Sacrifice 1/8 c) Gain 1/10 d) Sacrifice 1/10

Answer»

Correct option is b) Sacrifice 1/8



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