Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

After the admission of a partner, A’s old profit-sharing ratio was \(3/5\) and the new profit-sharing ratio is \(2/5\). What is A’s sacrifice or gain?

Answer and explanation

Correct answer: Sacrifice \(1/5\)

Sacrifice = old share − new share = \(3/5-2/5=1/5\). Since A’s new share is \(1/5\) less than the old share, A has sacrificed \(1/5\) of the profit. If the new share were greater than the old share, the difference would be called gain. Exam tip: always subtract the new share from the old share first; the sign indicates sacrifice or gain.

Related tags

Goodwill AccountingSacrifice RatioAdmission Of PartnerProfit Sharing RatioPartnership AccountsReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.