Question

X y z are the partner sharing profit and losses in ration of 3:1:1 with effect from january 1 2017 they decided to change their profit sharing ration 2:1:1 calculate sacrifice and gain of the partners

Answer 1

Answer:

Sacrificing ratio = Only X sacrifices.

Sacrificing ratio = Only X sacrifices. Gaining ratio(Y & Z) = 1:1

Explanation:

Calculation of sacrificing /gaining ratio -

X a/c = 3/5 - 2/4 = 2/20 (sacr)

Y a/c = 1/5 - 1/4 = (1/20) (gain)

Z a/c = 1/5 - 1/4 = (1/20) (gain)

So, X sacrifices and Y & Z gains.