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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 3 · 25 questions

Practice questions

01A and B shared profits in (6:4). The new ratio is (5:3:2). In what ratio did C's share come from the old partners?

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02Assertion: If old partners' shares reduce in the same proportion after admission then the sacrificing ratio is the old ratio. Reason: Both old partners sacrifice the same percentage of their old shares. Choose the correct option.

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03Arun and Bala share profits in (5:3). Chetan is admitted for (1/4) share and the remaining profit is shared in the old ratio. What is the new ratio?

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04Old partners share in (7:5). The new partner takes (1/6) share only from the first partner. What is the new ratio?

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05Old partners share profits in (4:3:2). A new partner takes (1/5) share from old partners in their old ratio. What is the new ratio?

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06Raj, Seema and Mohan share profits in the ratio 5:4:3. Neel is admitted for a 1/6 share of the profits, which is sacrificed equally by Raj and Seema, each sacrificing 1/12. What will be the new profit-sharing ratio?

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07Two old partners share in (3:2). The new partner receives (1/5) of the first partner's share and (1/4) of the second partner's share. What is the new ratio?

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08Karan and Tarun share profits in the ratio 2:1. Varun is admitted as a partner for a 1/4 share of the total profits. Karan and Tarun sacrifice 1/6 and 1/12 of their shares, respectively. What will be the new profit-sharing ratio (Karan : Tarun : Varun)?

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09If old partners share in (11:9) and the new partner's share is (2/11). The old partners share the remaining profit in their old ratio. What is the new ratio?

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10Partners share profits in (3:3:2). A new partner gets (1/8) share equally from the first and second partners. What is the new ratio?

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11Aarav and Divya share profits in a firm in the ratio 4:1. Esha is admitted for a 1/5 share of profits, which is sacrificed by Aarav and Divya in the ratio of 1/10 each. What will be the new profit-sharing ratio?

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12If a new partner's share is (3/20) and it is obtained from two old partners in the sacrifice ratio (2:1). The old shares are (5/8) and (3/8). What is the new ratio?

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13Four old partners share in (3:2:2:1). A fifth partner is admitted for (1/9) share and all old partners sacrifice in the old ratio. What is the new ratio?

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14Sakshi and Jyoti share profits in (5:7). Priya gets (1/3) share and Sakshi and Jyoti's new ratio is fixed at (2:3). What is the complete new ratio?

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15The old profit-sharing ratio is 8:7. A new partner receives 1/5 of the total profit. The first old partner’s new share is 1/2. What will be the second old partner’s new profit-sharing share?

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16Kavita, Lata and Maya share in (6:5:4). Rekha is admitted for (1/5) share. Kavita sacrifices (1/15), Lata (1/10), and Maya sacrifices the balance. What is the new ratio?

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17Old partners' shares are (1/2,1/3,1/6). The new partner gets (1/4) share equally from the first two partners. What is the new ratio?

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18The old partners share profits in the ratio 2:3:5. If the incoming partner obtains the entire 1/10 share from the third partner only, what will be the sacrificing ratio of the old partners?

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19The old ratio is (5:3:2). The new ratio is (4:3:2:1). In what ratio did the new partner receive share from the old partners?

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20The old profit-sharing ratio of two partners was 3:2, and after the admission of a new partner, the new ratio became 7:5:4. What is the new partner’s share of profit?

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21Old partners shared in (5:4). The new ratio is (3:3:2). What is the sacrificing ratio?

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22Vivek and Shashi share in (7:3). Raman gets (1/5) share and Vivek's new share is twice Shashi's new share. What is the new ratio?

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23The old ratio is (4:3:1). A new partner is admitted for (1/8) share and the second partner does not sacrifice. The first and third partners sacrifice equally. What is the new ratio?

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24If a new partner takes (1/4) share and the old partners' new ratio is (3:2:1), what is the complete new ratio?

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25Three old partners share in (2:2:1). A new partner gets (1/6) share. The first two partners sacrifice in (1:2) and the third sacrifices nothing. What is the new ratio?

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