Salim and Sultan are partners sharing profit and loss in the ratio of 5 and...
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Accounting
Salim and Sultan are partners sharing profit and loss in the ratio of 5 and 3. Partner Shihab was admitted in to a firm, which he acquires 3/8th share from partner Salim and 2/8th share from Partner Sultan. So, the new profit sharing ratio will be:
a.
30 : 12 : 21
b.
21 : 16 : 25
c.
25 : 12 : 16
d.
25 : 18 : 21
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