A and B are sharing profit in the retio of 4:1. they admit C as a partner by giving him
Answers
Answered by
0
Answer:
question not clear
Explanation:
question not clear
Answered by
0
Old share (A and B) = 4 : 1
C is admitted for 1/4 Share
A sacrifices in favour of C = 1/4
New ratio = Old ratio - Sacrificing ratio
A's new ratio = (4/5) - (1/4) = 11/20
B's new share = (1/5) - 0 = 1/5 or 4/20
C's share = 1/4 or 5/20
Therefore, new profit sharing ratio of A, B and C = 11 : 4 : 5
Similar questions