CA CPT Dec 2016 Question Paper Fundamentals of Accounting for online practice

Question : 38 of 58

Marks: +1, -0

A and B are partners in a firm in the profit sharing ratio of 2:3. C is admitted as a newpartner. A sacrificed 1/3rd of his share and B 1/4th of his share in favour of C. Find the newprofit sharing ratio of A,B & C .