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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. |
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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) |
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