X and Y were partners in a firm sharing profits in the ratio of 5 : 3. With effect from 1st April
Channel: Doubtnut
Date: 2020-04-26

X and Y were partners in a firm sharing profits in the ratio of 5 : 3. With effect from 1st April, 2019 they agreed to share profits equally. Calculate the individual partner's gain or sacrifice due to change in ratio.