Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Accounting and Auditing Basic accounting principles Partnership Accounts
X and Y are partners sharing profits and losses in the ratio of 3 ∶ 2. They admit Z as a new partner with 1/5 share in the profits. Calculate the new profit sharing ratio of the partners.
1
12 ∶ 8 ∶ 5
2
12 ∶ 8 ∶ 6
3
12 ∶ 7 ∶ 6
4
12 ∶ 3 ∶ 7