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.
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…