Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

estion 44 yer X and Y are partners in a firm sharing profits in the ratio 3:2. They admitted Z as a new partner. which

image text in transcribed
estion 44 yer X and Y are partners in a firm sharing profits in the ratio 3:2. They admitted Z as a new partner. which he acquires 1/5th of X's Share and 2/5th of Y's Share. Calculate new ratio and Sacrificing ratio wered rked out of Flag estion a. 15: 6:3 & 3:4 b. 12:6:7 & 3:4 c. None of these are correct d. 13:9:11 & 3:2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started