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A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted for 1/6th share. It is agreed that C will retain his original share. New profit sharing ratio will be ______.

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Question

A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted for 1/6th share. It is agreed that C will retain his original share. New profit sharing ratio will be ______.

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Solution

A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted for 1/6th share. It is agreed that C will retain his original share. New profit sharing ratio will be 19 : 19 : 12 : 10.

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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) 13. | Page 3.186
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