Question

A and B are partners sharing profit and loss equally they admit C into partnership.A agrees to surrender 1/3rd of his share. B agreed to surrendar 1/4th of his share in favour of C.Calculate sacrifice ratio.

Answer 1

old share of A and B = 1:1

scarifice ratio = old ratio * surrender ratio

scarifice ratio of A =1/2*1/3

=1/6

scarifice ratio of B= 1/2*1/4

=1/8

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