Question

14 Why new ratio is calculated at the time of admission of a partner?

Answer 1

HERE IS UR ANSWER DEAR,..

At the time of the admission of a new partner, there is a change in the profit sharing ratio of the old partners also. The new profit sharing ratio is calculated after considering the new partner's share in profit and the sacrifice made by the old partners.

Answer 2

Answer:

HELLO MATE!

• The new ratio is calculated at the time of admission of a partner so that all the partners in the company have the same share.

• Also, the ratio makes the initial share of the earlier partners reduces as there would be more partners to share the profit with.

• The new partner is also given some part of the profit the company had gained.

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