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MCQ
Fill in the Blanks
Anuj and Eeshan are two partners sharing profits and losses in the ratio of 3:2. They decided to admit Aaroh for 1/5th share, the new profit sharing ratio will be ____________
Options
12:8:5
4:3:1
12: 8:1
12: 3:1
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Solution
Anuj and Eeshan are two partners sharing profits and losses in the ratio of 3:2. They decided to admit Aaroh for 1/5th share, the new profit sharing ratio will be 12:8:5.
Concept: Admission of a Partner
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