Question

5. X and Y are partners sharing profits in the ratio of 4:3. Z is admitted for 1/5th
share and he brings in 1,40,000 as his share of goodwill in cash of which
1,20,000 is credited to X and remaining amount to Y. New profit sharing
A) 4;3:5
B) 2:2:1
C) 1:2:2
D) 2:1;2​

Answer 1

Answer:

B) 2:2: 1

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