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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.

Hard · Level 5 · 25 questions

Practice questions

01A and B share profits in (10:5). C gets (1/3) share. C's share is sacrificed in old ratio. What will be the simplified new ratio?

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02A and B share profits in the ratio 9:1. C receives a 1/5 share, and A and B sacrifice equally. What will be B’s new share?

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03A and B share profits in the ratio 9 : 1. C is admitted for a 1/5 share of profits, which is sacrificed equally by A and B. What will be the new profit-sharing ratio?

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04A and B share profits in (4:1). C gets (1/5) share. A's new share is (3/5). What will be the sacrificing ratio?

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05A and B share profits in (7:5). C is admitted for (1/4) share and C's share is sacrificed by A and B in (2:3). What will be the new profit sharing ratio?

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06A B and C share profits in (5:4:3). D is admitted for (1/6) share and D's share is sacrificed by A B and C in (3:2:1). What will be the new ratio?

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07K and Kh share profits in (4:5). G gets (1/5) share. K sacrifices (1/9) and the balance is taken from Kh. What will be the new ratio?

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08Mohan and Sohan share profits in the ratio 5:7. Rohan is admitted for a 1/4 share, and Mohan and Sohan share the balance in the ratio 4:5. What is Sohan’s sacrifice?

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09Choose the correct correction. Mohan and Sohan share profits in the ratio 5:7. Rohan is admitted for a 1/4 share, and the balance is shared in the ratio 4:5. What is Sohan’s sacrifice?

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10Reema and Seema share profits in the ratio 3:5. Neema is admitted for a \(\frac{1}{8}\) share of the total profit. If Reema’s new share is \(\frac{1}{3}\), what will be Seema’s new share?

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11A and B share profits in (9:6). C gets (1/5) share. A and B's new mutual ratio is (7:5). Did A gain or sacrifice?

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12A and B share profits in the ratio 5:4. C receives a 1/3 share. A gives 1/5 of his old share to C, and the balance of C’s share is taken from B. What will be the new ratio?

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13Kajal and Payal share profits in the ratio \(4:7\). Riya is admitted as a partner for a \(1/11\) share of the total profits. Kajal and Payal sacrifice Riya’s share in the ratio \(1:2\). What will be Payal’s new profit-sharing share?

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14A, B and C share profits in the ratio 3:5:2. A new partner, D, is admitted for a 1/10 share of profit, which is contributed entirely by B. What will be the new mutual profit-sharing ratio of the old partners?

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15A and B share profits in the ratio 13:7. C is admitted as a new partner for a 1/4 share of the profits. A and B sacrifice C’s share equally. What will be the new profit-sharing ratio?

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16A and B share profits in the ratio 5:6. They decide to admit C for a \(\frac{2}{11}\) share of the total profits. C’s share is acquired equally from A and B, with \(\frac{1}{11}\) taken from each. What will be the new profit-sharing ratio?

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17A and B share profits in the ratio 7:5. C is admitted for a \(\frac{1}{6}\) share of the profits. A and B sacrifice this share in the ratio 4:1, respectively. What is A’s actual sacrifice?

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18A and B share profits in the ratio 7:5. C is admitted for a \(\frac{1}{6}\) share of the profits. A and B sacrifice this share in the ratio 4:1, respectively. What is B’s new share of profit?

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19A and B share profits in the ratio 8:3. C is admitted for a \(\frac{2}{11}\) share of the profits. The remaining profits will be shared by A and B in the ratio 5:4. What will be A's new share of profit?

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20A and B share profits in the ratio 8:3. C is admitted for a 2/11 share of profits, and A and B will share the remaining profit in the ratio 5:4. What is B’s gain or sacrifice?

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21A B and C share profits in (4:5:3). D gets (1/6) share and D's share is given in old ratio. What will be the new ratio?

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22A and B share profits in the ratio 12:8. C is admitted for a 1/4 share of the profits, which is surrendered by A and B in their old ratio. What is the simplified new profit-sharing ratio of A, B and C?

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23A and B share profits in (5:7). C is admitted for (1/3) share. A and B's new mutual ratio is (2:3). What is A's sacrifice?

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24A and B share profits in the ratio 5:7. C is admitted for a 1/3 share, and A and B’s new ratio is 2:3. What is B’s sacrifice?

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25A and B share profits in (4:1). C gets (2/5) share. A and B will share the balance in (1:2). Which old partner gains?

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