(
a & B are sharing pr. and losses
equally with
effect
from 1st
April 2019 they agree
share
profit in ratio of 4:3 calculate
individual
partner gain or sacrifice due to change in ratio
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Answer:
Gaining ratio or sacrificing ratio will be calculated as:
Gaining/(Sacrificing Ratio) = New Ratio - Old Ratio
Therefore:
For A = 4/7 - 1/2
= 8 - 7
14
= 1/14 Gaining Ratio
For B = 3/7 - 1/2
= 6 - 7
14
= 1/14 Sacrificing Ratio
Explanation:
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