Accountancy, asked by Venkatasaipalla2425, 1 year ago

What are the different cases of calculate new profit ratio and sacrifice ratio?

Answers

Answered by Ashq

When new partner is admitted to a firm then the previous partnership deed will be broke off and a new partnership deed is made, then onwards calculation of new profit sharing ratio is needed to distribute the annual profits and losses of the firm and sacrificing ratio of the old partners is needed so that they can recognize which partner is sacrificing how much ratio.

Hope it may help u....!

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