Financial and Management Accounting

1: X and Yare partners sharing profits and losses in the proportion of 7 : 5. They agree to admit Z into partnership who is to get 1/6th share in profits. He acquires this share as 1/24 from X and 1/8th from Y. Calculate new profit sharing ratio.

A.	13:7:4
B.	7:5:3
C.	3:2:1
D.	5:4:2
	Answer : A Explanation : Write your comments here: Updating your Comments.. Updating your Comments.. Report Error
	Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.

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Financial and Management Accounting

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