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  3. 12th Class
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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
    A. B and C were partners in a firm sharing profits and losses in the ratio of 1/2:1/3 and 1/6. D was admitted in the firm for 1/6th share. C would retain his original share. New profit sharing ratio:

    A) 1:1:1:1

    B) 3:2:1: 1

    C) 12:8:5:3

    D) 12:8:5:5

    Correct Answer: D

    Solution :

    12:8:5:5


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