InterviewSolution
Saved Bookmarks
| 1. |
A and B share profits and losses in the ratio 2 : 1. C is admitted with 1/4th share in profits C acquired 3/4th of his share in profits from A and 1/4th of his share from B. New profit and loss sharing ratio will be |
|
Answer» tion:Calculation of new profit sharing RATIO:Let total profit = 1C' SHARE = 1/4Remaining share = 1 - 1/4 = 3/4A' new share = 3/4 of 3/4 = 9/16B's new share = 1/4 of 3/4 = 3/16C's share = 1/4 = 4/16Th new profit sharing ratio of A, B and C is:= 9:3:4A's sacrifice = 3/4 - 9/16 = (12-9)/16 = 3/16B's sacrifice = 1/4 - 3/16 = (4-3)/16 = 1/16Sacrificing ratio of A and B = 3:1Sacrificing ratio of the existing partners is same as their existing ratio. |
|