X and Y are partners sharing profits in the ratio of 3:2. Z is admitted as a partner. Calculate sacrificing ratio if the new profit sharing ratio is 9: 7: 4. *
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GIVEN : Old prfot sharing ratio = 3:2; New profit sharing ratio = 9:7:4
TO FIND : Sacrificing Ration
SOLUTION :
Sacrifing Ratio= Old - New Ratio
X = -
=
=
Y = -
=
=
Sacrificing Ratio and Gaining Ratio is always calculated when any partner is admitted or is retiring from the partnership.
Sacrificing Ratio of X:Y is 3:1.
Sacrificing Ratio is 3:1.
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