A and B were partners in a firm sharing profits and losses in the ratio of 4 : 3. They admitted C as a new partner The new profit sharing ratio between A, B and C was 3 : 2:2. A surrendered 1/4 of his share in favour of C. Calculate B's Sacrifice. Later, D was admitted as a new partner. A and B sacrificed 1/3rd and 1/4 of their share respectively in favour of D. Calculate the new profit sharing ratio of A, B, C and D. (Ans: (a) B's Sacrifice = 1/7 (b) New profit sharing ratio of A, B, C and D = 4:3:4:3]
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