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Subjects

Accountancy

New Profit Sharing Ratio

In this Class 12 Accountancy topic from Reconstitution – Admission of a Partner, students learn how to determine the new profit-sharing ratio among partners after a new partner joins the firm. The topic explains how the incoming partner’s agreed share affects the existing partners and how the revised ratio is calculated from the old ratio, the new partner’s share, and any agreed sacrifice. Students also practise applying these concepts to partnership adjustment questions accurately.

Easy · Level 2 · 25 questions

Practice questions

01Seema and Reema share profits in the ratio \(4:3\). Tina is admitted for a \(1/7\) share of the total profit, which Seema and Reema sacrifice in their old ratio. What will be Seema’s new profit share?

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02Vivek and Yogesh share profits in (2:3). Jaya is admitted for (1/5) share which is given by them in old ratio. What is Yogesh's new share?

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03A new partner is admitted for a 1/3 share of the total profit. What share of the profit will collectively remain for the old partners?

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04If A and B's new mutual ratio is (4:3) and C's share is (1/8) then what can be C's part in the total ratio?

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05Two old partners share profits in the ratio 7:3. A new partner is admitted for a 1/5 share of profits. If the remaining profit is shared between the old partners in their old ratio, what will be the new profit-sharing ratio?

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06Which of the following statements is correct?

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07Raj and Taj share profits in the ratio of 5:1. Dev is admitted for a 1/6 share, which is taken entirely from Taj’s share. What will be the new profit-sharing ratio?

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08Anil and Sunil share profits in the ratio 3:2. Kajal is admitted for a 1/4 share of the profits. Anil and Sunil each sacrifice 1/8 of the profit. What will be the new profit-sharing ratio?

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09The partners’ new shares are 1/2, 1/4 and 1/4. What is their new profit-sharing ratio?

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10The new profit-sharing fractions of three partners are 3/8, 3/8, and 2/8, respectively. What will be their new profit-sharing ratio?

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11Vikas and Nikhil share profits in (3:5). Pooja is admitted for (1/4) share. If Pooja's share is given by them in old ratio then what is the new ratio?

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12If the new partner is entitled to \(\frac{2}{5}\) of the profit, what total share of the profit will remain jointly for the old partners?

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13Om and Prem share profits in the ratio 1:4. Khushi is admitted as a partner for a 1/5 share of the profits, which is sacrificed by Om and Prem in their old profit-sharing ratio. What will be the new profit-sharing ratio?

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14Ankit and Rachit share profits in the ratio 2:3. Mansi is admitted for a share of 1/10 of the total profit, taken entirely from Rachit's share. What will be the new profit-sharing ratio?

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15The new partner's share is (1/6) and the old partners' mutual new ratio will remain (2:3). What is the total new ratio?

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16From the old ratio 3:2, a new partner takes a 1/5 share in the old ratio. What is the sacrifice of the first old partner?

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17The old partners share profits in the ratio 4:1. A new partner obtains 1/10 of the total profit from the old partners in their old ratio. What will be the sacrifice ratio of the second old partner?

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18The new profit-sharing fractions of three partners are \(\frac{5}{12}\), \(\frac{4}{12}\), and \(\frac{3}{12}\), respectively. What will be their new profit-sharing ratio?

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19Whose shares are included in the new profit sharing ratio?

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20Mona and Sona share profits in the ratio 3:7. Radha is admitted for a 1/5 share, and the balance is shared by Mona and Sona in their old ratio. What is the new ratio?

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21Abhay and Bala share profits in the ratio of 2:1. Chandan is admitted as a partner for a 1/4 share of profits. If both Abhay and Bala sacrifice 1/8 of their respective shares, what will be Bala’s new share in the profit-sharing ratio?

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22If the new partner’s share is taken equally from the old partners, what will be the sacrificing ratio of the old partners?

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23What should be checked first while calculating the new profit sharing ratio?

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24Ishan and Dhruv share profits in the ratio 5:3. Nayan is admitted for a 1/8 share of profit. Nayan's entire share is acquired equally from Ishan and Dhruv, that is, 1/16 from each. What will be the new profit-sharing ratio?

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25If all new shares do not add up to (1) then what does it indicate?

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