A and B are partners sharing profits and losses in the ratio 3:2 C is admitted for 1/4th share - Accountancy - Reconstitution- Admission of a Partner

Question

A and B are partners sharing profits and losses in the ratio 3:2
C is admitted for 1/4th share A and B decide to share equally in
future Calculate new profit sharing ratio

Jyoti Dua · Accepted Answer

let total share=1; c's share=1/4 ;remaining share= 1-1/4=3/4
sincea and b decided to share equally it means a's new
share=1/2*34= 3/8 ; b's new share =1/2*3/4= 3/8 so new profit
sharing ratio=3/8:3/8:1/4 = 3:3:2

A and B are partners sharing profits and losses in the ratio 3:2. C is admitted for 1/4th share. A and B decide to share equally in future. Calculate new profit sharing ratio.