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This question belongs to Commerce Accounting
Accounting
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A, B and C were partners in a business who shared profits and losses in the ratio of $$\frac{1}{5}:\,\frac{1}{3}:\,\frac{7}{{15}}$$   respectively. C retired and his share was purchased by A and B in the ratio of 3 : 2. The new profit sharing ratio of A and B will be:

Answer & Solution
Correct Answer: Option C
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