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X and Y are sharing profits and losses in the ratio of 5:3 ,Z is admitted and it is decided that the profit sharing ratio between Y and Z shall be the same as existing between X and Y calculate the new profit sharing ratio and sacrificing ratio? ?
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X and Y are sharing profits and losses in the ratio of 5:3 ,Z is admit...
Calculation of New Profit Sharing Ratio:
Calculation of Sacrificing Ratio:
- The existing ratio of profit sharing between X and Y is 5:3.
- It is decided that the profit sharing ratio between Y and Z shall be the same as existing between X and Y.
- Therefore, the new profit sharing ratio between X, Y, and Z will be 5:3:3.
Calculation of Sacrificing Ratio:
- The sacrificing ratio is the ratio in which the existing partners give up their share of profits to make room for the new partner.
- In this case, X and Y are the existing partners and Z is the new partner.
- The sacrificing ratio will be the ratio in which X and Y will give up their share of profits to make room for Z.
- The sacrificing ratio can be calculated as follows:
Sacrificing ratio of X = (New ratio of X / Existing ratio of X) - 1
Sacrificing ratio of Y = (New ratio of Y / Existing ratio of Y) - 1
- Substituting the values, we get:
Sacrificing ratio of X = (3 / 5) - 1 = -0.4
Sacrificing ratio of Y = (3 / 3) - 1 = 0
- The sacrificing ratio of X is negative, which means that X will have to bear a loss in order to make room for Z.
- The sacrificing ratio of Y is zero, which means that Y will not have to give up any share of profits to make room for Z.
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X and Y are sharing profits and losses in the ratio of 5:3 ,Z is admit...
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X and Y are sharing profits and losses in the ratio of 5:3 ,Z is admitted and it is decided that the profit sharing ratio between Y and Z shall be the same as existing between X and Y calculate the new profit sharing ratio and sacrificing ratio? ?
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X and Y are sharing profits and losses in the ratio of 5:3 ,Z is admitted and it is decided that the profit sharing ratio between Y and Z shall be the same as existing between X and Y calculate the new profit sharing ratio and sacrificing ratio? ? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about X and Y are sharing profits and losses in the ratio of 5:3 ,Z is admitted and it is decided that the profit sharing ratio between Y and Z shall be the same as existing between X and Y calculate the new profit sharing ratio and sacrificing ratio? ? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and Y are sharing profits and losses in the ratio of 5:3 ,Z is admitted and it is decided that the profit sharing ratio between Y and Z shall be the same as existing between X and Y calculate the new profit sharing ratio and sacrificing ratio? ?.
X and Y are sharing profits and losses in the ratio of 5:3 ,Z is admitted and it is decided that the profit sharing ratio between Y and Z shall be the same as existing between X and Y calculate the new profit sharing ratio and sacrificing ratio? ? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about X and Y are sharing profits and losses in the ratio of 5:3 ,Z is admitted and it is decided that the profit sharing ratio between Y and Z shall be the same as existing between X and Y calculate the new profit sharing ratio and sacrificing ratio? ? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X and Y are sharing profits and losses in the ratio of 5:3 ,Z is admitted and it is decided that the profit sharing ratio between Y and Z shall be the same as existing between X and Y calculate the new profit sharing ratio and sacrificing ratio? ?.
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