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(b) Profit & Loss Sharing Ratio |
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Answer» tion:A and B share PROFITS and LOSSES in the ratio of 3 : 1, C is admitted into PARTNERSHIP for 1/4 share. The sacrificing ratio of A and B is: (a) equal (b) 3 : 1 (c) 2 : 1 (d) 3 : 2. |
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