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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
    M and N are partners sharing profits in the ratio of 5:3. They admit Q as a new partner for 20% share in the future profits of the firm. New profit sharing ratio:

    A) 1:1:1

    B) 3:2:1

    C) 5:3:3

    D) 5:3:2

    Correct Answer: D

    Solution :

    5:3:2


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