Raman and Rajan were partners in a firm sharing profits or losses in the ratio of 3 : 1. With effect from 1st January, 2023, they agreed to share profits in the ratio of 2 : 1. Due to change in profit sharing ratio, Rajan’s gain or sacrifice will be

a) Gain 1/12

b) Sacrifice 1/12

c) Gain 2/60

d) Sacrifice 3/60

Anurag Pathak Changed status to publish May 5, 2023