A, B, and C are partners sharing profits and losses in the ratio of 5 : 4 : 1. Calculate the new profit sharing ratio, sacrificing ratio, and gaining ratio in each of the following cases:
A, B, and C are partners sharing profits and losses in the ratio of 5 : 4 : 1. Calculate the new profit sharing ratio, sacrificing ratio, and gaining ratio in each of the following cases:
Case 1. As per new agreement, C acquires 1/5th share from A.
Case 2. As per new agreement, C acquires 1/5th share equally from A and B.
Case 3. As per new agreement, A, B, and C will share future profits and losses equally.
Case 4. As per new agreement, C acquires 1/10th share of A and 1/2 share of B.
Anurag Pathak Changed status to publish April 24, 2023
