A & B r partner sharing profit 3:2.C admited for 1/5 th share in profit. C acquires 1/5 th of his share from A.
find new profit sharing ratio and sacrificing ratio.
1 Replies
veeru sagar
(BBE,M.com,CA Final )
(468 Points)
Replied 11 June 2013
dear sujeet
As per your Question new profit sharing ratio (A:B:C= 2:2:1) bcoz A have the share in profit 3/5 and he sacrifice the 1/5 to C in this case A have remained the balance in profit 2/5 and on the other hand Sacrificing ratio will be 100% by only A there is no contribution of B in sacrificing
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