Question

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

Answer 1

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.

Answer 2

Answer:

true

Explanation:

true is right answer

I hope this answer is true