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Question
Pramod and Vinod are partners sharing profits and losses in the ratio of 3:2. After the admission of Ramesh the new ratio of Pramod, Vinod and Ramesh is 4:3:2. Find out the sacrifice ratio.
Solution
Sacrifice Ratio = Old ratio – New ratio
Pramod’s Sacrifice ratio =`3/5-4/9=(27–20)/45=7/45`
Vinod’s Sacrifice ratio =`2/5–3/9=(18 –15)/45=3/45`
∴ Sacrifice ratio =`7/45 :3/45` = 7 : 3.
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Balance Sheet as on 31st March, 2023 | ||||
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