Skip to content

Practice question

Question

A and B are partners in a firm sharing profits and losses in the ratio 1:2.They admitted C into the partnership and decided to give him 1/3rd share of the future profits. Find the new ratio of the partners.

Options

Choose one · Correct answer highlighted

Explanation

It is 2:4:3 partnership correct; deed provisions interest capital drawings as per Act.

Discussion

Comments

0 comments

No comments yet. Be the first to start the discussion.