A and B are partners sharing profits in the ratio of 2:1. On 1st October, 2019, they admitted C and the new profit sharing ratio had been decided at 3:2:1. The firm earned a Profit of 3,60,000 during the year ended 31st March, 2020. How much share of profit ‘A’ will get
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31st March 2020 profit sharing ratio is 3:2:1 .
firm earned profit = 3,60,000 .
A = 3/6 × 3,60,000
A = 18,000
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