7 You are given the following information: ed out of OMR Sales 20,000 question Cost of goods sold 10,000 Administrative expenses 200 Salary to partner A 500 Commission to partner B 200 Profit sharing ratio 1:1 Net profit/ Loss of the firm is: OMR 10,500 OMR 5,000 OMR 9,800 OMR 9,300 8 saved Net profit of a firm i OMD 70 Mr. Hamza and Mr. Rafeeq shared profits in the ratio of 53. Mr. Jaffer was admitted as a partner. Mr. Hamza surrendered 1/5.0 his share and Mr. Rafeeq 1/3 of his share in favour of Mr. Jaffer. Calculate the sacrificing ratio Sf tion 11 None of these 35 RA on 20 Not yet wered Aand are partners sharing profits and losses in the ratio of 1.Cis admitted into them to 1/60 , then the ratio of partners A and B will be Marked out of 1.00 Flag question 23 41 5.4 Previous page