A and B are partners sharing profits and losses in proportion 2 : 1. They admits new partner C hom they give $${\frac{1}{5}^{{\text{th}}}}$$ share in profits. The new profit sharing ratio will be:
A. 8 : 4 : 3
B. 3 : 2 : 1
C. 2 : 1 : 1
D. 4 : 2 : 1
Answer: Option A
This Question Belongs to Commerce >> Accounting
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