Question: a b and c are partners in a firm sharing profits in the ratio?
Answer: A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 1st April, 2019,their Balance Sheet is as follows: On the above date, D is admitted on the following terms: (i) D will bring RS. 1,00,000 as his capital and will get 1/6th share in profits.