Question

Q1-12 Solve the numericals
Questions. (5 Marks)
Amit and Sumit are partners in a firm sharing profits in the ratio of 2 : 1. It was decided by
them to share profils equally wef. 1st April, 2020. Calculate the Sacrificing and Gaining Ratio.
CamScanner
ation:
Your answer

Answer 1

Answer:calculating the gaining and sacrificing ratio of partners ;-------

        new ratio ;-----

    Amit = 1/2

   Sumit = 1/2

sacrificing ratio = old ratio - new ratio

         Amit = 2/3  - 1/2 = 4 -3 /6 = 1/6 ( sacrifice)

         Sumit = 1/3 -1/2  =  2 -3 /6 = - 1/6 {gain}