Question

10. X, Y and Z are partners in a firm sharing profits and losses in the ratio of 5:3 :2. The partners decide to share future profits and losses in the ratio of 3:2:1. Each partner's gain or sacrifice due to change in the ratio will be : 1 1 (A) X Sacrifice Y Gain Z Nil 30' 30 1 1 ) Y Nil; Z Sacrifice 30 30 (B) X Gain (C) X Nil; Y Sacrifice Z Gain 3032 1 30 (D) X Nil; Y Gain 30 ; Z Sacrifice 1 30​

Answer 1

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