12th Class
Accountancy
Admission of a Partner
Question Bank
MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner
question_answer
X and Y are partners sharing profits in the ratio of 4:3. They admit Z as a new partner. New profit sharing ratio among the partners was decided 3:2:2. Y surrendered 1/3rd of his share in favour of Z. X's Sacrifice will be;