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RP
Question Practice

If two partners A and B share profits in 7:3 and admit C for 1/5, what will be A and B's new ratio if C acquires his share from them equally?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

If two partners A and B share ...

Single Answer MCQ
Q-00082113

If two partners A and B share profits in 7:3 and admit C for 1/5, what will be A and B's new ratio if C acquires his share from them equally?

1

2:1:1

2

6:2:2

3

3:1:1

4

5:2:3

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Q1.

What is reconstitution of a partnership firm?

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Q2.

What are the different modes of reconstitution of a partnership firm?

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Q3.

When can a new partner be admitted into a partnership firm?

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Q4.

What rights does a newly admitted partner acquire in a partnership firm?

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