CBSE Class 12 Accountancy Reconstitution Of Firm Online Test Set B

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Question 1

Question

When A and B , sharing profits and losses in the ratio of 3:2, Admit C as a partner giving him 1/5th share of profits, this will be given by A and B

	Answer
	In the ratio of their profits
	None of the options
	Equally
	In the ratio of their capitals