From the following particulars, calculate new profit sharing ratio of the partners: a) Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Shiv and Hari. b) P, Q and R were partners sharing profits in the ratio of 5 : 4 : 1. P retires from the firm.
From the following particulars, calculate new profit sharing ratio of the partners:
a) Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Shiv and Hari.
b) P, Q and R were partners sharing profits in the ratio of 5 : 4 : 1. P retires from the firm.
Anurag Pathak Changed status to publish June 14, 2023
