A and B are partner in a partnership firm sharing profit and losses in 3 : 1. C is admitted for $${\frac{1}{3}^{{\text{rd}}}}$$ share. New profit sharing ratio between A, B and C is
A. 3 : 1 : 3
B. 3 : 1 : 2
C. 3 : 2 : 1
D. 6 : 5 : 4
Answer: Option B
This Question Belongs to Commerce >> Accounting
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