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

  • question_answer
    Mohan and Sohan are partners in a firm sharing profits in the ratio of 3:2. They admit Karan for 1/51 share in the profits of the firm, which he gets equally from Mohan and Sohan. New Profit Sharing Ratio will be:

    A) 5:3:2

    B) 3:2:1

    C) 5::4:3

    D) 3:1:1

    Correct Answer: A

    Solution :

    5:3:2


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