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A, B and C are partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. B decides to retire from the firm. Calculate new profit-sharing ratio of A and C in the following circumstances:(a) If B gives his share to A and C in the original ratio of A and C.(b) If B gives his share to A and C in equal proportion.(c) If B gives his share to A and C in the ratio of 3 : 1.(d) If B gives his share to A only. |
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Answer» A, B and C are partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. B decides to retire from the firm. Calculate new profit-sharing ratio of A and C in the following circumstances: (a) If B gives his share to A and C in the original ratio of A and C. (b) If B gives his share to A and C in equal proportion. (c) If B gives his share to A and C in the ratio of 3 : 1. (d) If B gives his share to A only. |
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