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Commerce · Q2070

Accounting

Graduate and Post Graduate · Commerce · question 2070

Q2070

A and B partners sharing profits in the ratio of 7 : 3. C is admitted for 3/7 share in the profit. The new profit-sharing ratio of the partners will be:

A and B partners sharing profits in the ratio of 7 : 3. C is admitted for share in the profit. The new profit-sharing ratio of the partners will be:
A.
14 : 6 : 15
Answer
B.
7 : 6 : 7
C.
7 : 3 : 3
D.
5 : 3 : 3

Answer: Option A

Solution

Answer: Option A
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