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Practice question

Question

A and B are partners in a firm sharing profits in the ratio of 2 : 1. They admit C as a new partner for 1/5 share. New Ratio will be 3 : 1 : 1. Sacrificing ratio will be:

Options

Choose one · Correct answer highlighted

Explanation

1 : 2 correct per NCERT Admission of a Partner; matches accountancy concept accurately.

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