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Commerce · Q520

Accounting

Graduate and Post Graduate · Commerce · question 520

Q520

A and B were Sharing Profit of a business in the ratio of 3 : 2. They admit C into partnership, who gets 1/3 of the share of profit from A, 1/2 of the share of profit from B. What will be the new profit sharing ratio now:

A and B were Sharing Profit of a business in the ratio of 3 : 2. They admit C into partnership, who gets of the share of profit from A, of the share of profit from B. What will be the new profit sharing ratio now:
A.
3 : 2 : 5
B.
2 : 1 : 2
Answer
C.
3 : 2 : 1
D.
3 : 2 : 2

Answer: Option B

Solution

Answer: Option B
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