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R and S are partners sharing profits and losses equally.
 
0 Reply's, Recent Post by Raffy on 1/22/2012 12:37:21 PM
   

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Raffy
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R and S are partners sharing profits and losses equally.
1/22/2012 12:37:21 PM

R and S are partners sharing profits and losses equally. They admitted Afor 1/3 share in the firm. The new profits sharing ratio will be

(a) 3 : 2 : 1
(b) 1 : 1 : 1
(c) 2 : 2 : 1
(d) Cannot be calculated

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