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A and B are partners in the ratio of 2 : 1. C is admitted into the firm. А surrenders 1/5th of his share and B surrenders 1/15 from his share in favour of C. C's share will be ______.

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Question

A and B are partners in the ratio of 2 : 1. C is admitted into the firm. А surrenders 1/5th of his share and B surrenders 1/15 from his share in favour of C. C's share will be ______.

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Solution

A and B are partners in the ratio of 2 : 1. C is admitted into the firm. А surrenders 1/5th of his share and B surrenders 1/15 from his share in favour of C. C's share will be 1/5.

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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) 12. | Page 3.186
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