Adil and Suresh are partners in a firm sharing profits and losses in the ratio of 7 : 3. Adil gave 2/10th from his share and Suresh gave 1/10th from his share to Jagan; the new partner. Calculate new profit-sharing ratio and sacrificing 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.