1. Anil and Ankit are partners sharing Calculate new profit-sharing ratio of the partners. 2. Dev and Abhay sharing profits in the ratio of 7: 3 admit Ashok for 3/7th share in the firm which he gets 2/7th from Dev and 1/7th from Abhay. Calculate new profit-sharing ratio. mit in the ratio of 3: 2. They admitted Amit and Anita as new
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Step 1: The first question (about Anil and Ankit admitting Amit and Anita) is incomplete as given — please provide the missing details: initial profit-sharing ratio and the shares (or amounts surrendered) that Amit and Anita are to receive so I can solve it. Show more…
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