X, Y and Z are sharing profits in the ratio of 2/5: 2/5: 1/5. Partner...
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Accounting
X, Y and Z are sharing profits in the ratio of 2/5: 2/5: 1/5. Partner Z retired from business and his share was purchased equally by X and Y. The new profit sharing ratio shall be:
a.
X & Y
b.
X 3/5 & Y 2/5
c.
None of these are correct
d.
X 2/5 & Y 3/5
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