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  3. 12th Class
  4. Accountancy
  5. Admission of a Partner

12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    In the absence of an express agreement as to who will contribute to new partners' share of profit, it is implied that the old partners will contribute:

    A) equally

    B) in the ratio of their capitals

    C) in their old profit sharing ratio

    D) in the gaining ratio

    Correct Answer: C

    Solution :

    [c] in their old profit sharing ratio


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