Teaching Accountancy Partnership Accounts Question Bank MCQ - Partnership Accounts

  • question_answer
    A and B are partners sharing profits and losses in the ratio of 2:1. They admit a new partner C whom they give 1/6th share in profits. Their new profit sharing ratio is

    A)  10:5:3                                     

    B)  2:10:5

    C)                     10:3:5                                     

    D)  3:10:2

    Correct Answer: A


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