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Commerce · Q1723

Accounting

Graduate and Post Graduate · Commerce · question 1723

Q1723

X and Y were sharing profit and loss of the business in the ratio of 3 : 2. They decided to admit Z, who will get 1/3 of X share of profit form X and 1/2 of Y share of profit from Y. New profit sharing ratio will be

X and Y were sharing profit and loss of the business in the ratio of 3 : 2. They decided to admit Z, who will get of X share of profit form X and of Y share of profit from Y. New profit sharing ratio will be
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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