Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Accounting and Auditing Basic accounting principles Partnership Accounts
X and Y are partners in a business sharing profit 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