R S and M are partners sharing profits in the ratio of 2 5 2 5 and 1 5 M decides to retire from the ......

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Accountancy ( 12th) Retirementof a Partner Add to Study Deck

R, S and M are partners sharing profits in the ratio of 2/5, 2/5 and 1/5. M decides to retire from the business and his share is taken by R and S in the ratio of 1 : 2. Calculate the new profit- sharing ratio.

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By: Aman

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Retirementof a Partner

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