Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:
A and B are partners sharing profit in the ratio of 3 : 2. They admit C as a partner by giving him 1/3rd share in future profits. The new ratio will be:"
Options:
12:08:05
8:12:05
5:05:12
None the above
Correct Answer:
None the above
Explanation:
"C- 1-1/3 = 2/3 (for remaining partners)
A- 2/3*3/5 =6/15
B- 2/3*2/5 = 4/15
New Ratio - 6:4:5
"