Accountancy, asked by kmayank8740, 5 months ago

Q. 3. A and B were partners in a firm sharing profits in 3 : 2. On 1-4-2015 they
admitted C as a new partner for 1/4th share. On 1-4-2016 D was admitted as a new
partner for 1/5th share which he acquired equally from A, B and C. Calculate the new
profit sharing ratio.​

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Answered by foolishmonkey
2

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