Question

At the time of admission of new partner, old partner's profit sharing ratio is not changed, the sacrificing ratio is ______.

• A. Equal to old profit sharing ratio
• B. Equal
• C. According to capital contributed
• D. According to seniority

Answer 1

The correct option is A Equal to old profit sharing ratio

If old partner sacrifices their share in their old profit ratio, then sacrifice ratio will always equal to old profit sharing ratio.