Sacrifice of Old Partner in Admission of a New Partner
In a partnership firm, when a new partner is admitted, the existing partners may have to make certain sacrifices to accommodate the new partner. The sacrifice of the old partner can be determined based on the terms of the partnership agreement or by mutual consent among the partners. Below are the key points to consider:

Calculation of Sacrifice:
- The sacrifice of the old partner is calculated based on the new profit-sharing ratio after the admission of the new partner.
- The sacrificing ratio is the ratio in which the existing partners agree to reduce their share of profits to accommodate the new partner.

Factors to Consider:
- The old partners may have to give up a portion of their profits to make room for the new partner.
- The sacrifice may be in the form of reduced profit share, capital contribution, or any other agreed-upon terms.

Impact on Old Partner:
- The sacrifice of the old partner may affect their earnings from the partnership.
- It is essential for the old partner to assess the financial implications of the sacrifice before agreeing to the admission of a new partner.

Conclusion:
In conclusion, the sacrifice of the old partner in the admission of a new partner is a crucial aspect of partnership agreements. It is important for the existing partners to discuss and agree upon the terms of sacrifice to ensure a fair and equitable arrangement for all parties involved.

In existing profit sharing ratio