Accountancy, asked by anjalishyam8124, 19 days ago

(Old Partners sacrifice Fraction of their Shares in Favour of New Partner).
A and B are partners in a firm sharing profits and losses in the ration of 5 : 3. A surrenders 1/20th of this share, whereas B surrenders 1/24th of his share in favour of C, a new partner. Calculate new profit-sharing ration and the sacrificing ratio.

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Answered by ashishkumar828132

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Answer:

refer to the attachment. I hope it will help you

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