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Accountancy > Accounting for Partnership Firms > Admission Of A Partner
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Question 1
Kishore and Bimal are partners in a firm sharing profits and losses in the ratio of 4:3. Nand is admitted as a new partner in the firm for 1/4th share in the profits. Kishore and Bimal decide to share profits and losses equally in the future. The sacrificing ratio of Kishore and Bimal will be:
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