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A and B are sharing profits and losses equally. With effect from 1st April, 2018, they agree to

+3 votes

asked Nov 24, 2018 in Class 12 by kratos

A and B are sharing profits and losses equally. With effect from 1st April, 2018, they agree to share profits in the ratio of 4 : 3. Calculate individual partner’* gain or sacrifice due to the change in ration

class-12
change in profit

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1 Answer

+5 votes

answered Feb 5, 2021 by kratos

Best answer

Old Ratio (A and B) = 1:1

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