A, B, C, and D are partners sharing profits in the ratio of 4 : 3 : 2 : 1. A and C retire from the firm. Calculate the new profit sharing ratio of B and D.
A, B, C, and D are partners sharing profits in the ratio of 4 : 3 : 2 : 1. A and C retire from the firm. Calculate the new profit sharing ratio of B and D.
[Ans. 3 : 1]
Anurag Pathak Answered question 2 days ago
Solution:-
Old Profit Sharing Ratio of A, B, C and D is 4 : 3 : 2 : 1.
A and C retires
After Discarding the shares of A and C
4 : 3 : 2 : 1
The new Profit Sharing Ratio of B and C is
= 3 : 1
Anurag Pathak Answered question 2 days ago
