Question

A and B were partners in a firm

sharing profit or loss in the ratio

of 3 : 1. With effect from Jan. 1,

2019 they agreed to share profit

or loss in the ratio of 2 : 1. Due to

change in profit-loss sharing ratio,

B’s gain or sacrifice will be​

Answer 1

Answer:

B partner gain a 1/12 share

Explanation:

A = 3/4 - 2/3= 1/12 this is sacrifice of A

B = 1/4 - 1/3 = 1/12 This is gain of B

Answer 2

Answer:

Sacrificing Ratio=Old ratio-New ratio

A=3/4-2/3=9-8/12=1/12

B=1/4-1/3=3-4/12=-1/12(Gain)

Yes,B's gain 1/12...