A and B share profits in the ratio of 7 : 3. They admitted C as a partner. A surrenders $${\frac{1}{4}^{{\text{th}}}}$$ of his share and B $${\frac{1}{3}^{{\text{rd}}}}$$ share to C. New profit sharing ratio among A, B and C would be:
A. 6 : 2 : 1
B. 6 : 2 : 2
C. 12 : 6 : 7
D. 21 : 8 : 11
Answer: Option D
This Question Belongs to Commerce >> Accounting
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