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A and B are partners in a firm sharing profit and...

This question belongs to Commerce Accounting
Accounting
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A and B are partners in a firm sharing profit and loss in the ratio of 3 : 2. They admit C into a partnership for $${\frac{1}{8}^{{\text{th}}}}$$ share, and the new ratio between A and B is 4 : 3. The sacrificing ratio is

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Correct Answer: Option C
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1 Comment
Nayem Uddin
Nayem Uddin 2 years ago
New Ratio between A& B is 4:3
And they have admitted C for 1/8 share
So, New Ratio = 4:3:1

Sacrificing Ratio(SR) = old share-new share

Share Sacrificed by A = 3/5-4/8=4/40

Share Sacrificed by B = 2/5-3/8=1/40

Sacrificing Ration of A&B = 4:1
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