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  3. 12th Class
  4. Accountancy
  5. Admission of a Partner

12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    A and B are partners in a firm sharing profits in the ratio of 5 : 3. They admit C as a new partner for 1/7 share. New Ratio will be 4:2:1. Sacrificing ratio will be;

    A) 5 : 3 

    B) 3 : 2

    C) 3 : 5     

    D) 4 : 2

    Correct Answer: C

    Solution :

    3 : 5


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