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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

TOPIC PRACTICE

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25 questions

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  1. (1:1)
  2. (6:4)
  3. (5:3)
  4. (2:1)
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  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
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  1. Arun (15/32), Bala (9/32), Chetan (8/32)
  2. Arun (5/8), Bala (3/8), Chetan (1/4)
  3. Arun (5/12), Bala (3/12), Chetan (4/12)
  4. Arun (20/32), Bala (12/32), Chetan (8/32)
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  1. (7:5:2)
  2. (5:5:2)
  3. (10:15:6)
  4. (14:10:3)
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  1. (16:12:8:9)
  2. (4:3:2:5)
  3. (20:15:10:9)
  4. (8:6:4:5)
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  1. 4:3:3:2
  2. 5:4:3:2
  3. 4:3:2:3
  4. 3:4:3:2
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  1. (12:8:5)
  2. (48:30:17)
  3. (36:24:25)
  4. (3:2:1)
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  1. 2:1:1
  2. 1:1:1
  3. 6:3:4
  4. 4:2:3
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  1. (11:9:4)
  2. (99:81:40)
  3. (9:11:4)
  4. (77:63:20)
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  1. (5:5:4:2)
  2. (6:6:4:1)
  3. (20:20:16:8)
  4. (3:3:2:1)
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  1. Aarav : Divya : Esha)
  2. Aarav : Divya : Esha)
  3. Divya’s new share is negative
  4. The sacrifice ratio is equal to the old profit-sharing ratio
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  1. (21:12:6)
  2. (9:6:3)
  3. (42:27:12)
  4. (19:13:6)
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  1. (24:16:16:8:9)
  2. (3:2:2:1:1)
  3. (27:18:18:9:8)
  4. (18:12:12:6:9)
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  1. (4:6:5)
  2. (2:3:1)
  3. (5:7:4)
  4. (6:9:5)
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  1. 3/10
  2. 7/15
  3. 2/5
  4. 1/5
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  1. (5:7:6:6)
  2. (10:7:4:6)
  3. (8:7:5:6)
  4. (6:5:4:3)
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  1. (9:5:4:6)
  2. (6:4:2:3)
  3. (3:2:1:2)
  4. (12:8:4:6)
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  1. 2:3:5
  2. 0:0:1
  3. 1:1:1
  4. 2:3:0
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  1. (1:0:0)
  2. (5:3:2)
  3. (4:3:2)
  4. (0:0:1)
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  1. 4/12
  2. 5/16
  3. 4/16
  4. 7/16
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  1. (1:0)
  2. (4:3)
  3. (5:4)
  4. (7:3)
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  1. (8:4:3)
  2. (2:1:1)
  3. (6:3:2)
  4. (10:5:3)
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  1. (7:6:1:2)
  2. (6:6:0:2)
  3. (8:6:2:2)
  4. (5:6:3:2)
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  1. (9:6:3:6)
  2. (3:2:1:4)
  3. (3:2:1:1)
  4. (6:4:2:3)
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  1. (11:10:6:3)
  2. (10:8:5:5)
  3. (10:8:6:5)
  4. (9:7:6:5)

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