2. Questions Bank
  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
    X and Y sharing profits in the ratio of 2:1. Z joins the firm. X surrenders 1/4th of his share and Y 1/5th of his share in favour of Z. New profit sharing ratio will be:

    A) 15:8:7

    B) 2:1:1

    C) 15:7:8

    D) 15:10:5

    Correct Answer: A

    Solution :

    15:8:7


You need to login to perform this action.
You will be redirected in 3 sec spinner