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List of top Accountancy Questions on Admission of a Partner asked in Bihar Board XII

X and Y are partners. They share profits and losses in the ratio of \(2:1\). They admit Z by giving him \(\tfrac{1}{4}\) share in future profits. Calculate the new profit-sharing ratio.
  • Bihar Board XII - 2025
  • Bihar Board XII
  • Accountancy
  • Admission of a Partner