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A and B shared profits in (4:5). The new ratio is (5:6:4). Which old partner's share has increased?

Answer and explanation

Correct answer: A

A's old share was (4/9) and new share is (5/15). Both old partners' shares decrease so the correct answer should be none.

Related tags

Gain AnalysisNew RatioAdmissionNew Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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