X and Y are partners in a firm sharing profits in the ratios of 2 : 1. Z is admitted with a $${\frac{1}{3}^{{\text{rd}}}}$$ profit sharing. What will be the new profit sharing ratio of X, Y and Z?
A. 3 : 3 : 3
B. 4 : 3 : 2
C. 4 : 2 : 3
D. 2 : 3 : 4
Answer: Option C
This Question Belongs to Commerce >> Accounting
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