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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.

Expert · Level 2 · 25 questions

TOPIC PRACTICE

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

25 questions

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  1. \(2/25\)
  2. \(1/10\)
  3. \(9/50\)
  4. \(1/25\)
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  1. 40:48:33
  2. 5:6:3
  3. 20:24:11
  4. 55:66:33
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  1. Same as old profit sharing ratio
  2. Same as new profit sharing ratio
  3. Always equal
  4. Always zero
View options
  1. 47:13:5
  2. 10:3:1
  3. 50:15:5
  4. 45:15:5
View options
  1. 61:49:11
  2. 60:49:11
  3. 61:50:11
  4. 6:5:1
View options
  1. \(\frac{56}{121}\)
  2. \(\frac{7}{11}\)
  3. \(\frac{28}{121}\)
  4. \(\frac{8}{11}\)
View options
  1. Both assertion and reason are true and the reason is the correct explanation
  2. Assertion is true but reason is false
  3. Assertion is false but reason is true
  4. Both assertion and reason are false
View options
  1. \(54:63:52\)
  2. \(6:7:4\)
  3. \(12:14:13\)
  4. \(78:91:52\)
View options
  1. 13:7:5
  2. 13:7:1
  3. 52:28:5
  4. 26:14:5
View options
  1. 7:38:10
  2. 3:8:2
  3. 11:34:10
  4. 15:40:10
View options
  1. (4:11)
  2. (5:7)
  3. (7:8)
  4. (1:1)
View options
  1. 8/17
  2. 6/17
  3. 9/17
  4. 2/17
View options
  1. \(\frac{28}{65}\)
  2. \(\frac{6}{13}\)
  3. \(\frac{26}{65}\)
  4. \(\frac{24}{65}\)
View options
  1. A
  2. B
  3. Both
  4. None
View options
  1. A
  2. B
  3. Both
  4. Neither of them
View options
  1. 224:80:57
  2. 14:5:3
  3. 56:20:19
  4. 266:95:57
View options
  1. \(\frac{5}{11}\)
  2. \(\frac{6}{11}\)
  3. \(\frac{3}{11}\)
  4. \(\frac{2}{11}\)
View options
  1. 43:37:20
  2. 49:41:20
  3. 44:36:20
  4. 55:45:20
View options
  1. A's share increased and B did not give C's full share
  2. Only from A
  3. Only from B
  4. From A and B in old ratio
View options
  1. Only B
  2. Only A
  3. Both equally
  4. None
View options
  1. 34:7:5
  2. 7:3:1
  3. 35:15:5
  4. 33:9:5
View options
  1. (1/5) and (4/5)
  2. (7/35) and (28/35)
  3. (7/28) and (21/28)
  4. (7/35) and (17/35)
View options
  1. \(\frac{1}{2}\)
  2. \(\frac{11}{20}\)
  3. \(\frac{2}{5}\)
  4. \(\frac{9}{20}\)
View options
  1. (7:16)
  2. (8:7)
  3. (9:6)
  4. (1:1)
View options
  1. 5/54
  2. 3/18
  3. 4/54
  4. 5/18

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