Account
Register

Share

Books Shortlist

# Solution - P, Q, and R Were Partners in a Firm Sharing Profits in the Ratio of 3:2:1. They Admitted S as a New Partner for 1/8th Share in the Profits Which He Acquired 1/16th from P and 1/16th from Q. Calculate New Profit Sharing Ratio of P, Q, R and S - Admission of a Partner - Sacrifice Ratio and New Ratio

ConceptAdmission of a Partner - Sacrifice Ratio and New Ratio

#### Question

P, Q, and R were partners in a firm sharing profits in the ratio of 3:2:1. They admitted S as a new partner for 1/8th share in the profits which he acquired 1/16th from P and 1/16th from Q.

Calculate new Profit Sharing Ratio of P, Q, R and S

#### Solution

You need to to view the solution
Is there an error in this question or solution?

#### Video TutorialsVIEW ALL [2]

Solution for question: P, Q, and R Were Partners in a Firm Sharing Profits in the Ratio of 3:2:1. They Admitted S as a New Partner for 1/8th Share in the Profits Which He Acquired 1/16th from P and 1/16th from Q. Calculate New Profit Sharing Ratio of P, Q, R and S concept: Admission of a Partner - Sacrifice Ratio and New Ratio. For the courses CBSE (Arts), CBSE (Commerce), CBSE (Science)
S