Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Admission of a Partner

Question:

A and B are partners in a firm sharing profits in the ratio of 3:2. They admitted M as a new partner for 1/4 share. The new profit sharing ratio between A and B will be 2:1. Calculate their sacrificing ratio.

Options:

2:3

3:2

1:2

2:1

Correct Answer:

2:3

Explanation:

The correct answer is Option (1) → 2:3