state gov MP Patwari (Group 2 Sub Group 4) Mock Test 2025 Accounting and Auditing Basic accounting principles Partnership Accounts
A and B partners share profit and loss in the ratio 2 : 1. They admit a new partner C, who is given 1/5th share in the profit. The new profit share ratio will be:
1
8 : 4 : 3
2
3 : 2 : 1
3
2 : 1 : 1
4
4 : 2 : 1