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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
    R and T are partners in a firm sharing profits in the ratio of 3:2. M joins the firm. R surrenders 1/4th of his share and T 1/5th of his share in favour of M. New Profit sharing ratio will be:

    A) 3 : 2 : 1

    B) 45 : 32 : 23

    C) 5 : 3 : 2

    D) 45 : 32 : 25

    Correct Answer: B

    Solution :

    45 : 32 : 23


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