When A and B sharing profits and losses in the ratio of 3:2 they admit C as a partner giving him 1/3 share of profits. This will be given by A and B………
A. Equality
B. In the ratio of their capitals
C. In the ratio of their profit
D. None of these
Answer:C
When A and B sharing profits and losses in the ratio of 3:2 they admit C as a partner giving him 1/3 share of profits. This will be given by A and B………
A. Equality B. In the ratio of their capitals C. In the ratio of their profit D. None of these