Q2060
A and B share profits in the ratio of 7 : 3. They admitted C as a partner. A surrenders 1/4^ th of his share and B 1/3^ rd share to C. New profit sharing ratio among A, B and C would be:
A and B share profits in the ratio of 7 : 3. They admitted C as a partner. A surrenders of his share and B share to C. New profit sharing ratio among A, B and C would be:
A.
6 : 2 : 1
B.
6 : 2 : 2
C.
12 : 6 : 7
D.
21 : 8 : 11
AnswerAnswer: Option D
Solution
Answer: Option D
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