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Q3.B M/s. Maria LLC has decided to admit a partner with two different alternatives for choosing new ratio and ready to sacrificing their ratio. Assume
Q3.B M/s. Maria LLC has decided to admit a partner with two different alternatives for choosing new ratio and ready to sacrificing their ratio. Assume that P&Q are partners sharing profits in the ratio of 8:7 and wish to admit R for 1/5th share of future profits. Here R is going to acquire 3/15th from P and 1/15th from Q and Assume that P & Q are partners sharing profits in the ratio of 7:8 and wish to admit R as new partner. Here R is going to acquire 2/5th of P's share and 1/5 of Q's share. Calculate new ratio and sacrificing ratio of the partners and suggest which alternative is good for the exacting partner? Comment it. (1+1+0.5 = 2.5 Marks)
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