A and B are partners sharing profit equally they took C into partnership.A surrendered 1/3 of his share and B 1/4 of his share in favout of C . calculate future profits sharing ratio of the paetners and sacrificing ratio of A and B
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The role of accounting has now shifted from that of a mere recording of business transactions to that of providing information to managers and other various interested parties in order to help them in making appropriate decisions.
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