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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
    A and B are sharing profits and losses in the ratio of 5 : 3. They admit C as a partner and give him 3/10th share of the profits. This share he will get l/5th from A and 1/ l0th from B The new profit sharing ratio will be:

    A) 5 : 6 : 3               

    B) 2 : 4 : 6

    C) 17 : 11 : 12        

    D) 18 : 24 : 38             

    Correct Answer: C

    Solution :

    [c] 17 :11:12


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