Accountancy > Accounting For Partnership Firms > Change In Profit Sharing Ratio
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Rima, Seema and Atul were partners in a firm sharing profits and losses in the ratio of 4:3:1. With effect from April, 2024, they decided to share profits and losses in the ratio of 3:1:4. Due to change in the profit sharing ratio, Seema's gain or sacrifice will be:
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