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  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
    P, Q and R were partners in a firm sharing profits in the ratio of 3:2:1. They admitted M as a new partner for 1/8th share in the profits, which he acquired 1/16th from P and 1/16th from Q. New Profit Sharing Ratio:

    A) 24 : 13 : 5 : 6

    B) 3 : 2 : 1 : 1 

    C) 21 : 13 : 8 : 6

    D) 1 : 1 : 1 : 1

    Correct Answer: C

    Solution :

    21 : 13 : 8 : 6


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