Mohan and Mahesh are partners in a firm sharing profits and losses in the ratio of 3 : 2. Nusrat is admitted as

Anurag Pathak
May 14, 2023
[CBSE] TS Grewal Solutions, Accountancy Class 12th, Admission of Partner

Anurag Pathak 24.11K May 14, 2023 0 Comments

Mohan and Mahesh are partners in a firm sharing profits and losses in the ratio of 3 : 2. Nusrat is admitted as a partner with 1/4th share in profit. Nusrat takes his share from Mohan and Mahesh in the ratio of 2 : 1. Calculate the new profit-sharing ratio.

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