Question

A and B were partners in a firm sharing profit or losses equally. With

effect from 1st April 2020 they agreed to share profits in the ratio of 4:3.

Due to change in profit sharing ratio, B’s gain or sacrifice will be:

(a) Gain 1/14

(b) Sacrifice 1/14

(c) Gain 4/7

(d) Sacrifice 3/7​

Answer 1

Answer:

gain 1/4 is a correct answer please mark me brainlest and follow me

Answer 2

Answer:

A and B were partners in a firm sharing profit or losses equally. With

effect from 1st April 2020 they agreed to share profits in the ratio of 4:3.

Due to change in profit sharing ratio, B’s gain or sacrifice will be:

(a) Gain 1/14

(b) Sacrifice 1/14

(c) Gain 4/7

(d) Sacrifice 3/7