MCQOPTIONS
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| 1. |
X & Y are partners in a firm sharing profits and losses in the ratio of 3: 2. Z was admitted as a new partner for i/s” share of the future profits. Z takes his entire share from X only. The new profit sharing ratio of X, Y & Z will be |
| A. | 12 : 8 : 4 |
| B. | 2 : 2 : 1 |
| C. | 1 : 1 : 1 |
| D. | None of the above |
| Answer» C. 1 : 1 : 1 | |