Question

A and B are partners they are sharing profit and loss in 5 :3.they admit p as an new partner equally.find the new profit sharing ratio.​

Answer 1

Answer:

At the time of admission of the new partner into the firm there is a need to calculate tne new profit sharing ratio of the firm. There are different cases for the calculation of new ratio: Case 1. When only the share of new partner is given in the question In this case it is assumed that the old partners will continue to share the remaining profits in the same ratio in which they were sharing before the admission of the new partner. Illustration 1. A and B are partners.