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ion 12 X, Y and Z are sharing profits in the ratio of 2/5: 2/5:1/5. Partner Z retired from business and his share was purchased
ion 12 X, Y and Z are sharing profits in the ratio of 2/5: 2/5:1/5. Partner Z retired from business and his share was purchased equally by X and Y. The new profit sharing ratio shall be: ered Jout of O a. X - 72 & Y - Y O b. X- 2/5 & Y - 3/5 on O C. None of these are correct O d. x - 3/5 & Y - 2/5
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Auditing That Matters
Authors: Norman D Marks
1st Edition
1537662023, 978-1537662022
