12th Class
Accountancy
Admission of a Partner
Question Bank
MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner
question_answer
Ashok and Sudha were partners in a firm sharing profits and losses in the ratio of 3 :1. They admitted as a new partner. Ashok sacrificed 1/4th of his share and Sudha sacrificed 1/4th of her share is favour of Bani's share in the profits of the firm will be :