A B C and D are in partnership sharing profits and losses in the ratio of 36 24 20 20 respectively E......

Published on: 11-Jan-21
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Accountancy ( 12th) Admission of a Partner Add to Study Deck

A, B, C and D are in partnership sharing profits and losses in the ratio of 36 : 24 : 20 : 20 respectively. E joins the partnership for 20% share and A, B, C and D in future would share profits among themselves as 3/10 : 4/10 : 2/10 : 1/10. Calculate new profit-sharing ratio after E's admission .

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