A and B are partners sharing profits in the ratio of 3:1. C is admitted to partnership firm for 1/4th share. The sacrificing ratio of A and B will be:
A. Equal
B. 2:1
C. 3:2
D. 3:1
Answer:D
A and B are partners sharing profits in the ratio of 3:1. C is admitted to partnership firm for 1/4th share. The sacrificing ratio of A and B will be:
A. Equal B. 2:1 C. 3:2 D. 3:1