Question

A and B are partners sharing profit and losses in the ratio of 5 : 3 on admission C brings Rs. 70,000 cash and Rs. 48,000 against goodwill. New profit sharing Ratio between A, B and C are 7 : 5 : 4. Find the sacrificing ratio between A : B:

Answer 1

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sacrificing ratio of A and B equal to New profit sharing ratio of C.

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