3\ A and V are partners sharing profits in the ratio of 3:2. They admitted S as a new partner for 1/6 share in the future profits of the firm. The new profit sharing ratio of A, V and S is:

a\ 2:1:1

b\ 2:2:1

c\ 3:2:1

d\ 3:1:1

4\ When new partner brings his share of goodwill in Cash, it is distributed amongst the existing(old) partners in their sacrificing ratio.

Select one:

True

False

choose the correct answer