Karan and Arjun are two partners sharing profit and losses in the ratio of 3:2 they admit Bheem into partnership as a partner from 1st april. Karan gives 1/3rd of his share while Arjun gives 1/10th from his share. Calculate new profit sharing ratio and secrificing ratio.
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here you will distribute the ratio among the partner's but it will work of sharing ratio when you will have partnership deed . it is the oral or written agreement in which everything is mentioned about the partner"s.
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