
A and B are partners sharing profits and losses in the proportion of 7 : 5. They admit C as partner for 1/6th share in the profits. He takes this share as 1/24 from A and 1/8 from B. Calculate new profit sharing ratio.
Solution :


A and B are partners sharing profits and losses in the proportion of 7 : 5. They admit C as partner for 1/6th share in the profits. He takes this share as 1/24 from A and 1/8 from B. Calculate new profit sharing ratio.
Solution :


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I am a M. Com Gold Medalist from Osmania University in 1999. And a UGC NET Qualified in June 1999.
My passion and interest are in the areas of Accountancy & Financial Management. Over the last ~20 years, I have been teaching students (predominantly in Class XI, XII – All Boards and B. Com Students across Universities.