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 in a firm sharing profits in the ratio of 3:2. They admitted R as a new partner for 1/4th Share. The new profit sharing ratio between M and N will be 2:1. Sacrificing Ratio of M and N: