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A and B's old ratio is (7:5). C is admitted for (1/6) share which B alone sacrifices. What will be the new ratio?

Answer and explanation

Correct answer: (14:7:4)

A's share remains (7/12), B's new share is (5/12-1/6=1/4), and C's is (1/6). With denominator (12), the ratio is (7:3:2).

Related tags

GoodwillAdmissionNew RatioSolo SacrificePartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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