Question
Accountancy Question on Reconstitution of Partnership
Anshu and Nitu are partners sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share. Jyoti acquired 2/10 from Anshu and 1/10 from Nitu. Calculate the new profit sharing ratio of Anshu , Nitu and Jyoti
A
0.168784722222222
B
0.1278125
C
0.12712962962963
D
0.126400462962963
Answer
0.168784722222222
Explanation
Solution
Jyoti’s share is distributed from Anshu (2/10) and Nitu (1/10). After adjusting, the new ratio is 4:3:3.
Hence, the correct answer is Option 1.