Accountancy, asked by kriti1012, 7 months ago

Shankar and Mahadeva are partners sharing profit and losses in ratio 7:3. Shiva was made partner for 1/6th share in the firm which he purchased 1/24th from Shankar and 1/8th from Mahadeva. Calculate profit sharing ratio

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Answered by princekumar07112

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Shiva was made partner for 1/ 6th share in the firm which he purchased 1/ 24th from Shankar and 1/8th from Mahadeva. Calculate profit sharing ratio. 1. See answer.

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Shankar and Mahadeva are partners sharing profit and losses in ratio 7:3. Shiva was made partner for 1/6th share in the firm which he purchased 1/24th from Shankar and 1/8th from Mahadeva. Calculate profit sharing ratio​

Answers

Shankar and Mahadeva are partners sharing profit and losses in ratio 7:3. Shiva was made partner for 1/6th share in the firm which he purchased 1/24th from Shankar and 1/8th from Mahadeva. Calculate profit sharing ratio