Financial and Management Accounting

1: A, B and C were partners sharing profits and losses in the ratio of 2 : 2 : 1. A retires, Band C purchase share of A by paying Rs 30,000 and Rs 40,000. What is new profit sharing ratio
A.

4:3

B.

2:1

C.

3:4

D.

1:2

 

Answer : A

Explanation :

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Option: A

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