Suraj and Chand are two partners sharing profit in the ratio of 3:2. They admit Tara into the partnership as a partner from 1st April 2001. Suraj gives 1/3 of his share while Chand gives 1/10 from his share. Calculate the new profit sharing ratio and sacrificing ratio.
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Suraj and Chand's original profit sharing ratio is 3:2. Show more…
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