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String and Kite were partners, sharing profits and losses in a ratio of 5 : 3. They admitted Spinner as a new partner. String sacrificed 1/4 of his share - Accountancy

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Question

String and Kite were partners, sharing profits and losses in a ratio of 5 : 3. They admitted Spinner as a new partner. String sacrificed 1/4 of his share, and Kite sacrificed 1/6 of his share. What will be the new ratio?

Options

  • 6 : 5 : 5

  • 9 : 5 : 10

  • 15 : 10 : 7

  • 35 : 21 : 40

MCQ

Solution

6 : 5 : 5

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2024-2025 (March) Analysis of Financial Statements
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