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  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 were partners in a firm sharing profits in the ratio of 7 : 3. Z was admitted for 1/5th share in the profits which he took 75% from X and remaining from Y. Sacrificing ratio of X and Y:

    A) 1:1

    B) 3:2

    C) 7:3

    D) 3:1

    Correct Answer: D

    Solution :

    3:1


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