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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
    On 1st April 2021, Vinod and Rishi admitted Gagan as a partner. Their profit sharing ratio being 5:4:3 respectively. Assuming before admission of Gagan the profit sharing ratio of Vinod and Rishi was equal. Sacrificing Ratio will be:

    A) 2:1

    B) 1:2

    C) 1:1

    D) 5:4

    Correct Answer: B

    Solution :

    1:2


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