Question

Assertion (A): At the time of admission, if profit sharing ratio among old partner does not change then sacrificing ratio will be old profit-sharing ratio. Reason ( R) : Old profit ratio plus new profit sharing ratio is sacrificing ratio:

Answer 1

Answer:

Assertion (A): At the time of admission, if profit sharing ratio among old partner does not change then sacrificing ratio will be old profit-sharing ratio. Reason ( R) : Old profit ratio plus new profit sharing ratio is sacrificing ratio:

Explanation:

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