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Accountancy
Admission of a Partner
X, Y & Z are partners sharing profit and losses in ratio of 5:4:1. Calculate new profit-sharing ratio if Z acquires 1/5th share from X?
3:4:3
4:3:3
2:4:5
9:4:7
Z acquires 1/5th from X So Z share is 1/10+ 1/5= 3/10 X Share = 5/10- 1/5=3/10 Y share= 4/10 So the new ratio is 3/10:4/10:3/10 or 3:4:3