Practicing Success
A and B are sharing profit in 3:2 ratio. They admitted C. After the admission, new ratio of profit sharing is 5:3:2. C brought 1000 as the premium of goodwill. In which ratio premium of goodwill be distributed? |
3:2
5:3
1:1
None of these
|
1:1 |
"Sacrifice ratio= old-new A= 3/5-5/10= 1/10 B= 2/5-3/10= 1/10 " |