Accounting · Admission of a Partner
Old partners A, B, and C's old profit sharing ratio is 3 : 2 : 1. D is admitted as a new partner. It is agreed among the partners that the new ratio between C and D will be the same as between A and B. Further, the relative ratio of A, B, and C will remain unchanged. What will be the new profit sharing ratio between A, B, C, and D?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 112:6:4:2
- 29:6:3:2✓
- 34:3:2:1
- 43:2:1:1
Correct answer
9:6:3:2
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