Question:
X and Y are two partners sharing profits in the ratio of 2:1.Z admitted into the firm for \(\frac{1}{4}\) share of profit. The new profit sharing between X,Y and Z will be:
X and Y are two partners sharing profits in the ratio of 2:1.Z admitted into the firm for \(\frac{1}{4}\) share of profit. The new profit sharing between X,Y and Z will be:
Updated On: Mar 15, 2024
- 2:1:1
- 3:2:1
- 5:3:1
- 4:3:2
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The Correct Option is A
Solution and Explanation
The correct answer is (A) : 2:1:1.
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