Question

When new-profit sharing ratio is given??
When new-profit sharing ratio???
pls guys correct answer ☺️✌️☺️​

Answer 1

Answer:

At the time of the admission of a new partner, there is a change in the profit sharing ratio of the old partners also. The new profit sharing ratio is calculated after considering the new partner's share in profit and the sacrifice made by the old partners.

Answer 2

At the time of the admission of a new partner, there is a change in the profit sharing ratio of the old partners also. The new profit sharing ratio is calculated after considering the new partner's share in profit and the sacrifice made by the old partners.

hope it helps !!

thnku ✌❤✌