Practicing Success
A, B & C are partners sharing profits in the ratio of 5:4:1. Their capital accounts showing balance of ₹300000, ₹150000, ₹150000 respectively. It is decided between partners that they will share future profits equally. Firm has the following information- |
What is the sacrifice or gain of partner A? |
5/30 sacrifice 2/30 sacrifice 5/30 gain 2/30 gain |
5/30 sacrifice |
Old ratio is 5:4:1 |