A, B & C are partners sharing profits in the ratio of 5:4:1. Their capital accounts showing balance of ₹3,00,000, ₹1,50,000, ₹1,50,000 respectively. It is decided between partners that they will share future profits equally. Firm has the following information-

Creditors- ₹1,10,000
Salary payable- ₹30,000
O/s expenses- ₹10,000
General reserve- ₹40,000
Bank balance- ₹2,10,000
Sundry debtors- ₹1,00,000
Provision for doubtful debts- ₹10,000
Stock -₹50,000
Furniture- ₹40,000
Computers- ₹2,00,000
Vehicle- ₹2,00,000

What is the sacrifice or gain of partner B?

2/30 sacrifice

The correct answer is option 1- 2/30 sacrifice.

Old ratio is 5:4:1
New ratio is 1:1:1
Sacrifice of B = Old share - New share
                     = 4/10 - 1/3
                     = (12-10)/30
                     = 2/30