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Commerce · Q1621

Accounting

Graduate and Post Graduate · Commerce · question 1621

Q1621

Z is admitted in a firm for 14 shares in the profit where he brings Rs. 30,000 for goodwill. It will be taken away by the old partners X and Y in

A.
Old profit-sharing ratio
B.
New profit-sharing ratio
C.
Sacrificing ratio
Answer
D.
Capital ratio

Answer: Option C

Solution

Answer: Option C
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