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Commerce · Q1462

Accounting

Graduate and Post Graduate · Commerce · question 1462

Q1462

A and B are partner in a partnership firm sharing profit and losses in 3 : 1. C is admitted for 1/3^ rd share. New profit sharing ratio between A, B and C is

A and B are partner in a partnership firm sharing profit and losses in 3 : 1. C is admitted for share. New profit sharing ratio between A, B and C is
A.
3 : 1 : 3
B.
3 : 1 : 2
Answer
C.
3 : 2 : 1
D.
6 : 5 : 4

Answer: Option B

Solution

Answer: Option B
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