Target Exam

CUET

Subject

Accountancy Part A

Chapter

Admission of a Partner

Question:

Himanshi and Priyanka are partners in a firm sharing profits in 5:1 ratio. They admitted Arun as a new partner for 1/4 share in the profits, which he acquired wholly from Himanshi. What will be the new profit sharing ratio of the partners?

Options:

7:2:3

6:4:14

4:6:14

3:2:1

Correct Answer:

7:2:3

Explanation:

The correct answer is Option (1) → 

7:2:3