Question

5. A and B were partners in a firm sharing profit or loss in the ratio of 3 : 5. With
effect from 1st April, 2019, they agreed to share profits or losses equally. Due
to change in profit sharing ratio, A’s gain or sacrifice will be :
3
(A) Gain
8
(B) Gain
3
1
(C) Sacrifice
(D) Sacrifice
8
8
8

Answer 1

Answer:

C

Explanation:

you're welcome

Answer 2

Answer:

Gain

$\frac{3}{8}$