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Salim and Sultan are partners sharing profit and loss in the ratio of 5 and...

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Accounting

Salim and Sultan are partners sharing profit and loss in the ratio of 5 and 3. Partner Shihab was admitted in to a firm, which he acquires 3/8th share from partner Salim and 2/8th share from Partner Sultan. So, the new profit sharing ratio will be:

a.

30 : 12 : 21

b.

21 : 16 : 25

c.

25 : 12 : 16

d.

25 : 18 : 21

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