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Question
A and B are partners sharing profits and losses in the ratio of 3:2. They admit C into the partnership for one-fourth share of the profits while A and B as between themselves sharing profits and losses equally. The new profit sharing ratio (NR) between A, B and C will be:
A and B are partners sharing profits and losses in the ratio of 3:2. They admit C into the partnership for one-fourth share of the profits while A and B as between themselves sharing profits and losses equally. The new profit sharing ratio (NR) between A, B and C will be:
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Solution
The correct option is B NR 3:3:2
C's share =1/4=2/8
Balance share= 1-1/4=3/4
Balance share to be shared equally.
A's share = 3/4*1/2=3/8
B's share= 3/4*1/2 =3/8
New Profit sharing ratio of A,B & C = 3:3:2
NR 3:3:2
C's share =1/4=2/8
Balance share= 1-1/4=3/4
Balance share to be shared equally.
A's share = 3/4*1/2=3/8
B's share= 3/4*1/2 =3/8
New Profit sharing ratio of A,B & C = 3:3:2
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