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Practice question

Question

A, B and C are partners in the ratio of 1/5 : 1/3 : 7/15 .C retires and his share is taken up by A and B in the ratio of 3 : 2.The new profit-sharing ratio will be

Options

Choose one · Correct answer highlighted

Explanation

12 : 13 partnership correct; deed provisions interest capital drawings as per Act.

Discussion

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