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From the following particulars, calculate the new profit sharing ratio of the partners:(a) X and Y are partners in a firm sharing profits and losses in the ratio 9 : 6. Z isadmitted as anew partner. X surrenders 3/15th share of his profit in favour of Z and Ysurrenders 6/15th of his share in favour of Z.(b) A and B are partners sharing profits in the ratio 5 : 3. C is admitted to the partnershipfor 1/4th share in future profits. |
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