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Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Change in Profit-Sharing Ratio and Admission of a Partner › Two equal partners admit C for 1/3, taken equall…

Two equal partners admit C for 1/3, taken equally from both. New ratio?

A2:2:1
B3:3:2
C1:1:1
D1:1:2
Answer & Solution
Correct answer: C. 1:1:1
Each gives up 1/6, falling from 1/2 to 1/3, so all three hold 1/3.
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