[CBSE] Q. 16 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)
Solution to Question number 16 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?
A, B, C and D are in partnership sharing profits and losses in the ratio of 36 : 24 : 20 : 20 respectively. E joins the partnership for 20% share and A, B, C and D in future would share profits among themselves as 3/10 : 4/10 : 2/10 : 1/10. Calculate new profit sharing ratio after E’s admission.
[Ans.: New Profit Sharing Ratio of A, B, C, D and E – 6 : 8 : 4 : 2 : 5.]
Solution:-
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