X and Y agree to form a partnership. X contributes Rs. 5,000 in assets and devotes one half time to partnership while Y contribution Rs. 20,000 in cash and devotes full time to the firm. How will the partners share the profits of the firm:
A. 1 : 4
B. 1 : 3
C. 1 : 2
D. 1 : 1
Answer: Option D
This Question Belongs to Commerce >> Accounting
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