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A and B share profits and losses in the ratio of 4:3. They C will 3/7th share, which he gets 2/7th from A and 1/7th from B. What is the new profit-sharing ratio?

Class 12 Accounts in Class 12 3 years ago

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SOLUTION :A's NEW Share: 4/7-2/7, B's New Share: 3/7-1/7=1/7=2/7, Cs Share = 3/7. THUS, New Profit-sharing Ratio of A,B and C is `2:2:3.`
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Posted on 04 Dec 2021, this text provides information on Class 12 related to Accounts in Class 12. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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