Calculating New Profit Sharing Ratio | Admission of partner | Reconstitution of Partnership

On reconstitution of partnership the profit sharing ratios of partners change. This video explains how to calculate: 1. New profit sharing Ratio 2. Sacrificing Ratio 3. Gaining Ratio This is part 1 of this video Previous video link (Calculating Interest on Drawings):    • Calculating Interest on Drawings| IOD | Pa...   #financialaccounting #economics #commerce #accounting #accountancy #bcom #graduation #bba #bcom #collegelife