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Byju's Answer
Standard XII
Accountancy
Change in Profit Sharing Ratio(PSR)
Kangli, Mangl...
Question
Kangli, Mangli and Sanvali are partners sharing profits in the ratio of 4:3:2 . Kangli retires . Assuming Mangli and Sanvali will share profits in the future in the ratio of 5:3, determine the gaining ratio.