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This question belongs to Commerce Accounting
Accounting
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A and B are partners sharing profit and loss in the ratio of 4 : 3. They admit C to the partnership for $$\frac{1}{5}$$ profit of the firm to be borne $$\frac{3}{{20}}$$ by A and $$\frac{1}{{20}}$$ by B. The new profit sharing ratio of A, B and C will be:

Answer & Solution
Correct Answer: Option D
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