Accountancy > Accounting For Partnership Firms > Admission Of A Partner
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(a) Rani, Maharani and Laxmi were partners in a firm sharing profits and losses in the ratio of 3:3:2. On 1st April, 2024 they admitted Reena as a new partner for 1/5 share in the profits of the firm. Reena acquired her share from Rani and Maharani in the ratio of 3: 2. The new profit sharing ratio between Rani, Maharani, Laxmi and Reena will be :
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