Z is admitted to a firm for 1/4 share in the profits for which he brings in Rs. 10000towards premium for goodwill, it will be taken by the old partners in
A. The Sacrificing ratio
B. The old Profit sharing ratio
C. The new profit sharing ratio
D. None of the options
Answer:A
Z is admitted to a firm for 1/4 share in the profits for which he brings in Rs. 10000towards premium for goodwill, it will be taken by the old partners in
A. The Sacrificing ratio B. The old Profit sharing ratio C. The new profit sharing ratio D. None of the options