Question

RETIREMENT/DEATH OF A PARTNER

(a) K, L and Z are
partners sharing profits in the ratio of 4:3:2 respectively. L retired and
surrendered 1/9th of his share of profit to K and remaining in favour of Z. Calculate
the new profit-sharing ratio of K and Z.​

Answer 1

Answer:

balancs of 1 = 1- 1/6 = 5/6

Explanation:

less 5/6 from every partner profit sharing ratio