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X and Y are partners in a firm sharing profits and losses in the ratio of 3 2 Z is admitted as part......

  • Published on: 11-Jan-21
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Accountancy ( 12th) Admission of a Partner Add to Study Deck
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.X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4 share in profit. Z acquires his share from X and Y in the ratio of 2 : 1. Calculate new profit-sharing ratio.

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By: NIHARIKA WALIA
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