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12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    X and Y are partners sharing profits in the ratio of 3 : 2. Z is admitted as a partner. Calculate sacrificing ratio if new profit sharing ratio is 9 : 7 :4.

    A) 3 : 1

    B) 3 : 2      

    C) 1 : 3                                         

    D) 9 : 7

    Correct Answer: A

    Solution :

    [a] 3 : 1
    Hint: Sacrificing Ratio = Old Share - New Share
    Sacrificing Ratio = 3 : 1


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