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Commerce · Q1912

Accounting

Graduate and Post Graduate · Commerce · question 1912

Q1912

X and Y are partners and sharing profits-losses in the ratio of 4 : 3. They admit Z in partnership giving 1/3^ rd share in profits/losses. If Z receives his share from X and Y in equal proportion, the share of Y in profits/loses in future will be

X and Y are partners and sharing profits-losses in the ratio of 4 : 3. They admit Z in partnership giving share in profits/losses. If Z receives his share from X and Y in equal proportion, the share of Y in profits/loses in future will be
A.
Answer
B.
C.
D.

Answer: Option A

Solution

Answer: Option A
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