[CBSE] Q. 3 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)
Solution to Question number 3 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?
A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. Calculate the new profit sharing ratio of A, B and C and D.
Solution:-
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