Question

A and B are in partnership sharing 3:2 . They admit C into partnership with 1/5th share which he acquires equally from A and B . Accountant has calculated new profit sharing ratio as 5:3:2. Is accountant correct .
Options are :-
a) 2:1:1
b)5:3:2
c)1:1:1
d)None
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Answer 1

Answer:

Yes, Accountant is Correct.

The New Profit Sharing Ratio is 5:3:2

Opt. B) 5:3:2

Answer 2

yes, the Accountant is correct.

option b) 5:3:2 is correct