Question

admission of partner
p and q partners sharing profits and losses ratio equally . mr.r was admitted into partnership for 2/9th share in the future profits of the firm . the new profit sharing ratio of p,q,and r would be 4:3:2 . calculate ratio of sacrifice of old partners

Answer 1

Answer:

Sacrifice of p = 1/2 - 4/9 = (9 - 8) / 18 = 1/18

Sacrifice of q = 1/2 - 3/9 = (9 - 6) /18 = 3/18

Sacrificing Ratio of old partners = 1/18 : 3/18

= 1 : 3