English

A and B are partners. C is admitted for 1/7th share. New profit sharing ratio will be ______.

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Question

A and B are partners. C is admitted for 1/7th share. New profit sharing ratio will be ______.

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Solution

A and B are partners. C is admitted for 1/7th share. New profit sharing ratio will be 3 : 3 : 1.

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Chapter 3: Admission of a Partner - OBJECTIVE TYPE QUESTIONS [Page 3.186]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 3 Admission of a Partner
OBJECTIVE TYPE QUESTIONS | Q (C) 7. | Page 3.186
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