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

Solution to Question number 12 of the Admission of partner chapter 3 of TS Grewal Book 2023-24 Edition ISC/CISCE Board.

Anil, Apoorv, Pooja and Badal are in partnership sharing profits and losses in the ratio of 36 : 24 : 20 : 20 respectively. Babu joins the partnership for 20% share and Anil, Apporv, Pooja and Badal in future would share profits among themselves as 3/10 : 4/10 : 2/10 : 1/10. Calculate new profit sharing ratio after Babu’s admission.

Solution:-