Paertnershp-profit sharing ratio
This query is : Resolved
24 May 2010
A ,B and C are partners sharing profits and losses in the ratio of 6:3:3, they agreed to take D into partnership for 1'8th share of profits.Find the new profit sharing ratio. Plz explain me this.
Thank you!
Thank you!
CA. NIRMAL SINGH
(Expert)
24 May 2010
The new pt. sharing ratio will be 14:7:7:4
CA. NIRMAL SINGH
(Expert)
24 May 2010
details
new partner sh 1/8
remaining sh 1-1/8=7/8
now 7/8 will be devided in old partners in old ratios
new partner sh 1/8
remaining sh 1-1/8=7/8
now 7/8 will be devided in old partners in old ratios
24 May 2010
AS PER MY CALCULATION NEW RATIO WILL BE
42 : 21 : 21 : 12
PLEASE CHECK YOUR ANSWER
42 : 21 : 21 : 12
PLEASE CHECK YOUR ANSWER
24 May 2010
Thank You sir.I too got the same answer.42:21:21:12.But in the book its answer is 14:7:7:4
25 May 2010
OK
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