Question

A and B are partnership sharing p/l ratio of 3:2. They admit c into partnership with 1/6th share. C acquires equally from A and B. Calculate new profut sharing ratio.

Answer 1

NANBA..

When the new partner purchases his share of profit from the old partners equally : In such cases, the new profit sharing ratio of the old partners can be calculated by deducting the sacrifice made by them from their existing share of profit...

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