[NCERT] Q 10 Admission of Partner Solutions Class 12

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Solution of question number 10 Admission of Partner NCERT Accountancy solutions Class 12 CBSE Board.

Singh, Gupta and Khan are partners in a firm sharing profits in 3 : 2 : 3 ratio. They admitted Jain as a new partner. Singh surrendered 1/3 of his share in favour of Jain: Gupta surrendered 1/4 of his share in favour of Jain and Khan surrendered 1/5 in favour of Jain. Calculate new profit sharing ratio?

[Ans : 20 : 15 : 24 : 21]

Solution:-

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Anurag Pathak

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