Q2162
A and B are partners sharing profits and losses in proportion 2 : 1. They admits new partner C hom they give 1/5^ th share in profits. The new profit sharing ratio will be:
A and B are partners sharing profits and losses in proportion 2 : 1. They admits new partner C hom they give share in profits. The new profit sharing ratio will be:
A.
8 : 4 : 3
AnswerB.
3 : 2 : 1
C.
2 : 1 : 1
D.
4 : 2 : 1
Answer: Option A
Solution
Answer: Option A
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