| Directions (Q. Nos. 1-5): Each of the following questions consists of two statements, one is Assertion (A) and the other is Reason (R). Give answer: |
| Assertion (A): At the time of admission, if profit sharing ratio among old partners does not change then sacrificing ratio will be old profit sharing ratio. |
| Reason (R): Old profit sharing ratio plus new profit sharing ratio is scientific ratio |
A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.
Correct Answer: C
Solution :
[c]
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