Subjective Questions on P and Q are partners sharing profits in 2 1 ratio They admitted R into partnership giving him 1 5 sh........... for Commerce 12th Preparation

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Subjective Questions

P and Q are partners sharing profits in 2 1 ratio They admitted R into partnership giving him 1 5 sh...........

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    P and Q are partners sharing profits in 2:1 ratio. They admitted R into partnership giving him 1/5 share which he acquired from P and Q in 1:2 ratio. Calculate new profit sharing ratio?    (3 marks)

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