1.

A and B are partners sharing profits and losses in the ratio of 5 : 3 . On admission, C brings Rs.70,000 as cash and Rs.43,000 against Goodwill. New profit ratio between A, B and C is 7 : 5 : 4. The sacrificing ratio of A and B is : (A)3 : 1 (B) 1 : 3 (C ) 4 : 5 (D) 5 : 9

Answer»

Correct option is (A)3 : 1



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