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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.

Medium · Level 1 · 25 questions

Practice questions

01A and B share profits in the old ratio (3:2). C is admitted for (1/5) share. If A and B share the remaining profit in the old ratio what will be the new profit sharing ratio?

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02A and B share profits in (5:3). C is admitted for (1/4) share. If C gets this share equally from A and B what is the new ratio?

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03A and B share profits in the old ratio (2:1). C is admitted for (1/6) share. The remaining profit will be shared in the old ratio. What is the new profit sharing ratio?

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04On admission of a new partner, when the existing partners give up a part of their profit shares in favour of the new partner, what is the ratio of the shares sacrificed by them called?

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05A and B share profits in (3:1). C gets (1/4) share which is taken only from A. What is the new profit sharing ratio?

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06A and B share profits in the ratio 4:3. C is admitted for a 2/7 share of the total profit, acquired entirely from B. What will be the new profit-sharing ratio of A:B:C?

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07A and B share profits in (5:4). C is admitted for (1/9) share taken from A and B in the sacrificing ratio (2:1). What is the new profit sharing ratio?

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08A and B share profits in the ratio 2:3. C is admitted for a 1/5 share, taken from A and B in the sacrificing ratio 1:1. What is the new ratio?

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09A and B share profits in (7:3). C gets (1/10) share by taking (1/20) from A and (1/20) from B. What is the new ratio?

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10A and B share profits in the ratio 3:2. C is admitted for a 1/5 share of the profits. If C acquires the entire share by taking 1/10 from A and 1/10 from B, what will be the new profit-sharing ratio?

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11A and B share profits in the old ratio 6:4. C is admitted for a 1/5 share of profit, and the remaining profit is shared in the old ratio. What will be A’s new profit-sharing share?

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12A and B share profits in the ratio 8:7. C is admitted for a \(1/5\) share of the total profit, and the remaining profit is shared in the old ratio. What will be B’s new share of profit?

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13A and B share profits in the ratio 4:1. C is admitted as a partner for 1/10 of the total profit, and the remaining profit is shared in the old ratio. What will be the new profit-sharing ratio?

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14A and B share profits in (9:6). C is admitted for (1/3) share and the remaining profit is shared in the old ratio. What is the new ratio?

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15A and B share profits in the ratio 11:9. C is admitted for a 1/4 share of the total profit, and the remaining profit is shared between A and B in their old ratio. What will be the new profit-sharing ratio?

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16A and B share profits in (5:2). C gets (1/7) share taken from A and B in their old ratio. What is the new ratio?

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17A and B share profits equally. C is admitted for a 1/4 share. If the remaining profit is shared equally by A and B, what is the new ratio?

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18A and B share profits in (3:2). C gets (1/10) share by taking (1/15) from A and (1/30) from B. What is the new ratio?

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19A and B share profits in the ratio 3:5. C is admitted as a partner for a 1/4 share of the profits, and the remaining profit is divided between A and B in their old ratio. What will be the new profit-sharing ratio?

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20A and B share profits in the ratio 4:5. C is admitted for a 2/9 share of the profit, and the remaining profit is shared between A and B in their old ratio. What will be the new profit-sharing ratio?

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21A and B share profits in the ratio 5:7. C receives a 1/6 share entirely from A. What is the new profit-sharing ratio?

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22A and B share profits in the ratio 6:5. The new partner C receives a 2/11 share of the total profits entirely from B’s share. What will be the new profit-sharing ratio?

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23A and B share profits in (7:8). C gets (1/5) share from A and B in the sacrificing ratio (3:1). What is the new ratio?

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24A and B share profits in (9:4). C gets (3/13) share from A and B in the sacrificing ratio (2:1). What is the new ratio?

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25A and B share profits in the ratio 3:4. C is admitted for a 1/7 share of the total profits, which is taken from A and B in the ratio 1:2. What will be A’s new profit-sharing ratio?

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