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Question
Ram and Shyam were equal partners in a partnership. They admitted Mohan for `1/4`th share.
He acquired his share equally from Ram and Shyam. Consider the statements below:
- Ram and Shyam both will sacrifice equally to Mohan.
- Ram's sacrificing ratio is more than that of Shyam.)
- The new profit sharing ratio of Ram, Shyam and Mohan will be 11 : 6 : 5.
Choose the correction option:
Options
Only (I) is correct.
Only (II) is correct.
Only (III) is correct.
All of the above
MCQ
Solution
Only (I) is correct.
Explanation:
As Mohan acquires his `1/4`th share equally from Ram and Shyam, the sacrificing ratio is equal for both, hence statement (i) is only true.
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Effect of Admission of a Partner on Change in the Profit Sharing Ratio
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