Anurag and Bhawana entered into partnership on 1st April, 2022. They admitted Monika as a new partner for 3/10th share in the profit which she acquired equally from Anurag and Bhawana.
Anurag and Bhawana entered into partnership on 1st April, 2022. They admitted Monika as a new partner for 3/10th share in the profit which she acquired equally from Anurag and Bhawana. The new profit sharing ratio of Anurag, Bhawana and Monika was 4 : 3 : 3. Calculate the profit sharing ratio of Anurag and Bhawana at the time of forming the partnership.
Anurag Pathak Changed status to publish July 18, 2023
Anurag’s Sacrifice = 3/10 × 1/2 = 3/20;
Bhawana’s Sacrifice = 3/10 × 1/2 = 3/20;
Anurag’s Old Profit Share = 4/10 + 3/20 = 11/20;
Bhawana’s Old Profit Share = 3/10 = 3/20 = 9/20
Anurag and Bhawana’s old profit sharing ratio = 11 : 9.
Anurag Pathak Changed status to publish July 18, 2023
