1.

Amit and Sumit are partners in firm sharing profit in the ratio of 2: 1 . It was decided by them to sharpe profits equally w.e.f 1st April, 2019. Calculate the Sacrificing and Ganing Ratio.

Answer» New Profits-Shraing ratio = 1:1
Calculation of Sacrifice/(Gain) of Each Partner:
Scarifced Share = Old Share- New Share
Amit `= (2)/(3) -(1)/(2) = (4-3)/(6) = (1)/(6)` (i.e., Sacrifice)
Sumit `= (1)/(3) -(1)/(2)= (2-3)/(6) = (1)/(6)` (i.e., Gain)


Discussion

No Comment Found

Related InterviewSolutions