Question

After admission of a new partner profit sharing ratio is called?​

Answer 1

Answer:

At the time of the admission of a new partner, there is a change in the profit sharing ratio of the old partners also. The new profit sharing ratio is calculated after considering the new partner’s share in profit and the sacrifice made by the old partners.

Explanation:

Answer 2

Answer:

Sacrifice Ratio

Explanation:

After admission of a new partner profit sharing ratio is called?