ILLUSTRATION 2.
(a) Ram and Shyam are partners sharing profits and losses in the ratio of 7/12:5/12.
They admit Gopi as a
new partner for 1/6 th share, which he acquires equally from Ram and Shyam. Calculate the new profit
sharing ratios of the partners.
(b) A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted D as a new
partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C.
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Answer: d equals to 4
Explanation:
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