Accounting · Partnership Accounts
A and B are partners sharing profits in the ratio of 3:2. C is admitted with a one-third share in the profits. Which one of the following is the new profit-sharing ratio of the partners?
- 13 : 2 : 5
- 26 : 4 : 5✓
- 36 : 4 : 3
- 43 : 2 : 3
Correct answer
6 : 4 : 5
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