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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
    X and Y are partners sharing profits in the ratio of 4:3. They admit Z as a new partner. New profit sharing ratio among the partners was decided 3:2:2. Y surrendered 1/3rd of his share in favour of Z. X's Sacrifice will be;

    A) 1/3rd

    B) 1/5th

    C) 1/6th

    D) 1/7th

    Correct Answer: D

    Solution :

    1/7th


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