CUET Accountancy - Kim and Sim are partners in a firm sharing profits in 4:3 ratio. They admitted Pim as a new partner for 1/4 share in the profits, which he acquired in the ratio of 3:2 from Kim and Sim. Determine the new profit sharing ratio of the partners. | PYQs + Solutions

CUET Accountancy 2025 29 May Shift 2

Partnership

Medium

common

59:46:40

46:11:59

11:46:59

59:46:35

✅ Correct Option: 4

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Ramesh 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-

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CUET Accountancy 2025 29 May Shift 2 PYQs

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