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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
    King, Queen and Bishop are partners sharing profits in the ratio of 10:6:5. They admit Knight and decide that profit sharing ratio between Bishop and Knight shall be same as existing between King and Queen. New profit sharing ratio among the partners will be:

    A) 1:1:1:1

    B) 10:6:5:5

    C) 10:6:5:3

    D) 3:2:1:1

    Correct Answer: C

    Solution :

    10:6:5:3


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