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In the context of admission of a new partner, what is the new profit sharing ratio?a)The ratio at which old partners share future profitsb)The ratio at which the new partner contributes capitalc)The ratio at which existing partners sacrifice profitsd)The ratio of assets to liabilities in the firmCorrect answer is option 'A'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about In the context of admission of a new partner, what is the new profit sharing ratio?a)The ratio at which old partners share future profitsb)The ratio at which the new partner contributes capitalc)The ratio at which existing partners sacrifice profitsd)The ratio of assets to liabilities in the firmCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the context of admission of a new partner, what is the new profit sharing ratio?a)The ratio at which old partners share future profitsb)The ratio at which the new partner contributes capitalc)The ratio at which existing partners sacrifice profitsd)The ratio of assets to liabilities in the firmCorrect answer is option 'A'. Can you explain this answer?.

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