Question

A and B are partners sharing profits and losses equally. with effect from 1st april 2021 they agree to share profits in the ratio 4:3. calculate partners gain or sacrifice due to change​

Answer 1

Answer:

Hii,.

Your answer is given below ⬇️

Sacrifice or gain = Old ratio - New ratio

• A = 1/2 -4/7 = -1/14 (Gain)

• B = 1/2 - 3/7 = 1/14 ( Sacrifice)

Therefore,ratio is 1:14

Hope it was a helpful one ❣️

Answer 2

hope it's helpful

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