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Commerce · Q1589

Accounting

Graduate and Post Graduate · Commerce · question 1589

Q1589

A, B and C are partners in a firm sharing profits in the ratio 2/5:\,2/5:\,1/5. C retires from the firm and his share is bought by A and B in equal ratio. New profit sharing ratio will be.

A, B and C are partners in a firm sharing profits in the ratio   C retires from the firm and his share is bought by A and B in equal ratio. New profit sharing ratio will be.
A.
Answer
B.
C.
D.

Answer: Option A

Solution

Answer: Option A
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