1.

Assertion (A): The amount of premium brought in by the new partner is shared by the existing partners in their ratio of Sacrifice.Reason (R): Because the old partners sacrifice their share of profits in favour of new partner. a) Both Assertion (A) and Reason (R) are true. b) Both Assertion (A) and Reason (R) are false. c) Assertion (A) is true and Reason (R) is false. d) Assertion (A) is false and Reason (R) is true.

Answer»

Correct option is c) Assertion (A) is true and Reason (R) is false.



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