Q1016
X and Y agree to form a partnership. X contributes Rs. 5,000 in assets and devotes one half time to partnership while Y contribution Rs. 20,000 in cash and devotes full time to the firm. How will the partners share the profits of the firm:
A.
1 : 4
B.
1 : 3
C.
1 : 2
D.
1 : 1
AnswerAnswer: Option D
Solution
Answer: Option D
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