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Accountancy · 2024 · 1 mark

CBSE 2024 · Region 1 · Set 1 · Q1

Atul, Beena and Sita were partners in a firm sharing profits and losses in the ratio of 8: 7: 5. Damini was admitted as a new partner for 1/5th share…

Atul, Beena and Sita were partners in a firm sharing profits and losses in the ratio of $\displaystyle 8$ : $\displaystyle 7$ : 5. Damini was admitted as a new partner for $\displaystyle 1$/5th share in the profits which she acquired entirely from Atul. The new profit sharing ratio after Damini's admission will be :
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.