11 Rashid and Mazin are partners who share profit in the ratio of 3:1. Ahmed is admitted and is given 1/5 share of profit. Identify from the following what is the new profit-sharing ratio of Rashid, Mazin and Ahmed? d out of a. 3:4:1 b. 3:1:1 O c. 3:1 d. None of the options 12 = Old profit sharing ratio - New profit sharing ratio out of a. Sacrificing Ratio b. Revaluating Ratio C. None of the options d. New profit Sharing Ratio on 13 Which of the following rules apply/s in case of absence of partnership deed? -t red d out of a. No salaries and No interest on capital b. No salaries Only c. No interest on capital Only O d. None of the options on