Question

PARTNERSHIP ACCOUNTS
A
B
C С
5/10
3/10
heir existing shares
heir new share
25/49
15/49
2/10
9/49
8/490
-5/490
-3/490
sacrifices by 8/490 and A gains by 5/490 and B gains by 3/490
2) ILLUSTRATION 5
and B are in partnership sharing profits and losses at the ratio 3:2. They take Cas a new partner. Calculate the
new profit sharing ratio if-
i) Cpurchases 1/10 share from A
ii) A and B agree to sacrifice 1/10th share to Cin the ratio of 2:3
(iii) Simply gets 1/10th share of profit.
SOLUTION
(i) New profit sharing ratio:
A=3/5-1/10=5/10
B=2/5 i.e. 4/10
C=1/10
ie 54-1​

Answer 1

Answer:

answer is right of question