12th Class
Accountancy
Admission of a Partner
Question Bank
MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner
question_answer
A and B are sharing profits and losses in the ratio of 5 : 3. They admit C as a partner and give him 3/10th share of the profits. This share he will get l/5th from A and 1/ l0th from B The new profit sharing ratio will be: