P and Q were partners in a firm sharing profits in the ratio of 5 : 3. R was admitted for a 1/4th share in the profits, of which he took 75% from P and the remaining from Q. Calculate the sacrificing ratio of P and Q. (CBSE 2020)
R’s share = 1/4. P sacrifices 75% of it and Q the remaining 25%:
Sacrificing Ratio of P : Q = 3 : 1.
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Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "T.S. Grewal Class 12 Chapter 4 Q.8 - Admission of a Partner", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 4 - Admission of a Partner.
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