[CBSE] Q. 7 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

Solution to Question number 7 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

P and Q were partners in a firm sharing profits in a ratio of 5 : 3. R was admitted for 1/4th share in the profits, of which he took 75% from P and the remaining from Q. Calculate the sacrificing ratio of P and Q.

[Ans.: Sacrificing Ratio of P and Q – 3 : 1.]

Solution:-

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