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Teaching Accountancy Partnership Accounts Question Bank MCQ - Partnership Accounts

  • question_answer
    A and B are partners sharing profits in the ratio of 7:3. X was admitted on 3/7 share in the profits, the new profit sharing ratio of the partners will be

    A)  14:6: 15                                  

    B)  7:3:3

    C)                     7: 6: 7                                     

    D)  5: 3: 3

    Correct Answer: A

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