Target Exam

CUET

Subject

Accountancy Part A

Chapter

Admission of a Partner

Question:

Amit and Beena are partners in a firm sharing profits in the ratio of 3:2. They admit Chitra as a new partner. Amit sacrificed 1/4 of his share and Beena 1/3 of her share in favour of Chitra. The new profit sharing ratio of Amit, Beena and Chitra will be:

Options:

27:16:17

3:2:7

21:4:35

9:4:17

Correct Answer:

27:16:17

Explanation:

The correct answer is Option (1) → 

27:16:17