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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
    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 :

    A) 5/8

    B) 1/8

    C) 1/4

    D) 7/16

    Correct Answer: C

    Solution :

    1/4


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