. (Calculation of new ratio and gaining ratio) X, Y and Z share profit...
50.1K
Verified Solution
Link Copied!
Question
Accounting
.
(Calculation of new ratio and gaining ratio) X, Y and Z share profit 1 and losses in the ratio 12: 13: 5. Z retires and surrenders 1/5th of his share in favour of Y and remaining in favour of X. Calculate new profit sharing ratio and gaining ratio
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
