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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

TOPIC PRACTICE

Quiz this set

Up to 25 questions from this page. Select your focus, then start.

25 questions

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  1. \(24/49\)
  2. \(4/7\)
  3. \(20/49\)
  4. \(1/7\)
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  1. (12/25)
  2. (3/5)
  3. (2/5)
  4. (1/5)
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  1. 2/3
  2. 1/3
  3. 3/2
  4. 1
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  1. (7)
  2. (1)
  3. (8)
  4. (4)
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  1. पहला साझेदार : दूसरा साझेदार : नया साझेदार = 28:12:5
  2. पहला साझेदार : दूसरा साझेदार : नया साझेदार = 7:3:1
  3. पहला साझेदार : दूसरा साझेदार : नया साझेदार = 21:9:5
  4. पहला साझेदार : दूसरा साझेदार : नया साझेदार = 14:6:5
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  1. New ratio applies to all partners
  2. New ratio applies only to new partner
  3. New ratio applies only to capital
  4. New ratio never changes
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  1. Raj : Taj : Dev = 5 : 0 : 1
  2. Raj : Taj : Dev = 4 : 1 : 1
  3. Raj : Taj : Dev = 5 : 1 : 1
  4. Raj : Taj : Dev = 3 : 2 : 1
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  1. Anil : Sunil : Kajal = 19 : 11 : 10
  2. Anil : Sunil : Kajal = 12 : 8 : 10
  3. Anil : Sunil : Kajal = 15 : 10 : 10
  4. Anil : Sunil : Kajal = 18 : 12 : 10
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  1. 2:1:1
  2. 1:2:1
  3. 1:1:2
  4. 4:2:1
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  1. 3:3:2
  2. 2:3:3
  3. 3:2:3
  4. 8:8:8
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  1. Vikas Nikhil Pooja (9:15:8)
  2. Vikas Nikhil Pooja (3:5:1)
  3. Vikas Nikhil Pooja (12:20:8)
  4. Vikas Nikhil Pooja (9:12:8)
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  1. \(\frac{3}{5}\)
  2. \(\frac{2}{5}\)
  3. \(\frac{5}{3}\)
  4. \(\frac{1}{5}\)
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  1. Om : Prem : Khushi = 4:16:5
  2. Om : Prem : Khushi = 3:16:5
  3. Om : Prem : Khushi = 4:15:5
  4. Om : Prem : Khushi = 1:4:1
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  1. Ankit : Rachit : Mansi = 4:5:1
  2. Ankit : Rachit : Mansi = 2:3:1
  3. Ankit : Rachit : Mansi = 3:4:1
  4. Ankit : Rachit : Mansi = 4:6:1
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  1. Old First Old Second New (10:15:5)
  2. Old First Old Second New (2:3:1)
  3. Old First Old Second New (8:12:5)
  4. Old First Old Second New (5:10:15)
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  1. 3/25
  2. 2/25
  3. 1/5
  4. 3/5
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  1. \(1/50\)
  2. \(4/50\)
  3. \(1/10\)
  4. \(1/5\)
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  1. 5:4:3
  2. 3:4:5
  3. 4:5:3
  4. 12:12:12
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  1. All old and new partners
  2. Only old partners
  3. Only new partner
  4. Only creditors
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  1. Mona:Sona:Radha = 12:28:10
  2. Mona:Sona:Radha = 3:7:1
  3. Mona:Sona:Radha = 15:35:10
  4. Mona:Sona:Radha = 10:30:10
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  1. 5/24
  2. 1/3
  3. 1/4
  4. 7/24
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  1. 1:1
  2. Old profit-sharing ratio
  3. New profit-sharing ratio
  4. Capital ratio
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  1. New partner's share and source of sacrifice
  2. Bank balance
  3. Value of furniture
  4. Amount of sales
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  1. Ishan : Dhruv : Nayan = 9:5:2
  2. Ishan : Dhruv : Nayan = 10:6:2
  3. Ishan : Dhruv : Nayan = 8:6:2
  4. Ishan : Dhruv : Nayan = 7:7:2
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  1. There is an error in calculation
  2. Profit is higher
  3. Capital is lower
  4. Cash is lower

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