Teaching Accountancy Partnership Accounts Question Bank MCQ - Partnership Accounts

  • question_answer
    A and B are partners in a firm, sharing profits in the ratio of 3:2. They admit X as a partner of 1/3rd share in the profits of the firm. The new profit sharing ratio of A, B and X is

    A)  3: 2: 1                                     

    B)  3: 2: 3

    C)                     3: 2: 2                                     

    D)  6: 4: 5

    Correct Answer: D


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