Question

5.
A and B's sacrifice is 1/7 and 1/8 after C joined the firm. The new share of all of them is 16:25:15
Find old ratio​

Answer 1

Answer:

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.