Q1717
A and B are partners sharing profits and losses in the ratio 3 : 1. They decided to admit C. C will be given 1/4^ th share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio will be:
A and B are partners sharing profits and losses in the ratio 3 : 1. They decided to admit C. C will be given share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio will be:
A.
4 : 3 : 1
B.
7 : 2 : 3
AnswerC.
3 : 1 : 7
D.
7 : 3 : 2
Answer: Option B
Solution
Answer: Option B
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