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A & B are partners in a firm sharing profits in the ratio 3:1. They admit C for 1/5th share in future profits. C acquires 7/8th of her share from A and 1/8th from B. Calculate new profit sharing ratio of A, B and C.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared
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A & B are partners in a firm sharing profits in the ratio 3:1. They admit C for 1/5th share in future profits. C acquires 7/8th of her share from A and 1/8th from B. Calculate new profit sharing ratio of A, B and C.?, a detailed solution for A & B are partners in a firm sharing profits in the ratio 3:1. They admit C for 1/5th share in future profits. C acquires 7/8th of her share from A and 1/8th from B. Calculate new profit sharing ratio of A, B and C.? has been provided alongside types of A & B are partners in a firm sharing profits in the ratio 3:1. They admit C for 1/5th share in future profits. C acquires 7/8th of her share from A and 1/8th from B. Calculate new profit sharing ratio of A, B and C.? theory, EduRev gives you an
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