CUET AccountancyPartnership > Easy(A), (B) and (D) only(A), (B) and (C) only(A), (B), (C) and (D)(B), (C) and (D) only✅ Correct Option: 2Related questions:22 May Shift 2On the admission of a new partner, an increase in the value of assets is debited to:14 May Shift 1AAA and BBB are partners in a firm sharing profits in the ratio of 5:35:35:3. They admit CCC as a new partner for 17\frac{1}{7}71th share in the profits. The new profit sharing ratio will be 4:2:14:2:14:2:1. The sacrificing ratio of AAA and BBB is14 May Shift 2Ramesh and Suresh are partners in a firm sharing profits in the ratio of 4:3. They admitted Mohan as a new partner. The profit sharing ratio of Ramesh, Suresh and Mohan will be 2:3:1. Choose the correct option with regards to the gain or sacrifice of old partner-