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RP
Question Practice

What does the new profit sharing ratio represent in a partnership?

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

What does the new profit shari...

Single Answer MCQ
Q-00082108

What does the new profit sharing ratio represent in a partnership?

1

The ratio of total capital contributed by each partner

2

The ratio in which profits are shared after a new partner joins

3

The ratio of expenses incurred by each partner

4

The ratio of total assets to total liabilities

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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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