Question

A is a sole trader having capital of rs.10000 on 1.4.2009.He admitted B as a partner on 30.6.2009.B paid rs.8000 as capital.The account of the firm are closed on 31st March and profit and loss is distributed in capital ratio. Calculate profit sharing ratio.​

Answer 1

Answer:

5:3

Step-by-step explanation:

A is in business for 12 months while B for 9months so (10000*12):(8000*9)