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Commerce · Q442

Accounting

Graduate and Post Graduate · Commerce · question 442

Q442

A and B are partner in partnership firm. They admitted C for 1/4^ th share in profit. New profit sharing ratio between A, B and C is

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

Answer: Option C

Solution

Answer: Option C
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