P Q and R are partners sharing profits in the ratio of 7 5 3 P retires and it is decided that profit......

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

P, Q and R are partners sharing profits in the ratio of 7 : 5 : 3. P retires and it is decided that profit-sharing ratio between Q and R will be same as existing between P and Q. Calculate New profit-sharing ratio and Gaining Ratio.

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By: Aman

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Retirementof a Partner

Accountancy ( 12th)

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