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5. X and Y are partners in a firm sharing profits in the ratios of 2: 1. Z is admitted with a 1/3 profit sharing.
5. X and Y are partners in a firm sharing profits in the ratios of 2: 1. Z is admitted with a 1/3 profit sharing. What will be the new profit sharing ratio of X, Y and Z? (A) 3:3:3 (B) 4:3:2 (C) 4:2:3 (D) 2:3:4
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Survey Of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds
6th Edition
1260575292, 978-1260575293
