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Ankit and Bhavesh share profits in the old ratio of 2:1. A profit of ₹9000 arises from revaluation. What will be Bhavesh’s share of this profit?

Answer and explanation

Correct answer: ₹3000

Revaluation profit is distributed among the old partners in their old profit-sharing ratio. Bhavesh’s fraction is \(1/(2+1)=1/3\). Therefore, his share is \(₹9000 \times 1/3 = ₹3000\). ₹4500 would represent half the profit, not Bhavesh’s share under the 2:1 ratio. Exam tip: Add the ratio terms first, then multiply the total profit by the concerned partner’s fraction.

Related tags

AccountancyRevaluationOld Profit-Sharing RatioAdmission Of PartnerAsset RevaluationReconstitution Admission Of A PartnerClass 12 Mcq

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