Accountancy, asked by devp85858, 15 hours ago

New profit sharing ratio is the difference of old ratio and sacrifise ratio. True /Fales.​

Answers

Answered by dimpisonwani384
2

Answer:

This statement is False. Reason: When a new partner is admitted, old partners have to sacrifice their profit share in favour of new partner and their old ratio gets reduced and whatever ratio left becomes a new ratio. Hence, as per equation: New Ratio = Old Ratio – Sacrifice Ratio.

Answered by kirtigajjar84
1

Answer:

true

Explanation:

true is right answer

I hope this answer is true

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