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Reena and Meena share profits equally. Tina is admitted for (1/6) share. If Tina's share is given equally by both then what is the new ratio?

Answer and explanation

Correct answer: Reena Meena Tina (5:5:2)

Tina's (1/6) share is given equally so each sacrifices (1/12). The old partners' new shares are (5/12) and (5/12).

Related tags

AdmissionNew-Profit-Sharing-RatioClass-12New Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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