Ashwin, Umesh and Rahul are partners sharing profits and losses in the ratio of 4/9 : 1/3 : 2/9. Rahul retires from the business. Ashwin acquires 4/9th of Rahul’s share and the balance is acquired by Umesh. Calculate new profit sharing ratio and gaining ratio.

Anurag Pathak Changed status to publish March 3, 2024
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