Z is admitted in a firm for al/4 share in the profit for which he brings 7 30,000 for goodwill. It will be taken away by the old partners X and Y in :
A. Old profit-sharing ratio
B. New profit-sharing ratio
C. Sacrificing ratio
D. Capital ratio
Answer:C
Z is admitted in a firm for al/4 share in the profit for which he brings 7 30,000 for goodwill. It will be taken away by the old partners X and Y in :
A. Old profit-sharing ratio B. New profit-sharing ratio C. Sacrificing ratio D. Capital ratio