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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
    R and S are partners in a firm sharing profits in the ratio of 3:2. They admit T as a new partner. R surrenders 1/5th share of his profits and S surrenders 2/5th of his share in favour of T. New profit share ratio will be:

    A) 12:6:7

    B) 3:2:1

    C) 5:3:2

    D) 12: 8 :5

    Correct Answer: A

    Solution :

    12:6:7


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