If the partners mutually agree with the profit sharing ratio, then they share profits ___________.
in agreed ratio
equally
both of them
none of the above
If the partners mutually agree with the profit sharing ratio, then they share profits in agreed ratio.
If the partners mutually don't agree the profit sharing ratio, then they share profits ___________.
A and B are partners sharing profits in the ratio of 5:3. They admit C and the new profit sharing ratio is agreed at 4:2:1.The sacrificing ratio will be: