If all or all but one of the partners of the firm becomes insolvent then the company is a case of ___________
Capital ratio
Profit Sharing ratio
Final Claims Ratio
Maximum Loss Ratio
If all or all but one of the partners of the firm becomes insolvent then the company is a case of dissolution of firm
A and B were partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit C as a new partner. The profit and loss sharing shall be so adjusted that A receives half of B's share and C receives one-third of A's share. Calculate new profit sharing ratio and sacrificing ratio.