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Class 12AccountancyReconstitution - Admission of a PartnerNew Profit Sharing RatioEasy
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Aman and Bharat share profits in old ratio (3:2). Chetan is admitted for (1/5) share. If Chetan gets his share from the old partners in old ratio then what is the new profit sharing ratio?

Answer and explanation

Correct answer: Aman Bharat Chetan (12:8:5)

After Chetan takes (1/5) the remaining (4/5) is divided in (3:2). Exam tip: first find the remaining share.

Related tags

AdmissionNew-Profit-Sharing-RatioClass-12New Profit Sharing RatioReconstitution Admission Of A PartnerAccountancyClass 12 Mcq
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10 more MCQs
  1. 1Old partners A and B share profits in the ratio 3:2, and the new ratio is 2:2:1. What is A’s sacrifice?
  2. 2A and B’s old ratio is 4:3. After admission of C, the new ratio is 3:3:2. What is the sacrificing ratio?
  3. 3A and B share profits in 5:4. C is admitted and the new ratio is 4:3:2. What is the sacrificing ratio?
  4. 4A and B share in the old ratio 5:4. C takes a one-third share from A and B in the old ratio. What is the new ratio?
  5. 5Reena and Seema share profits equally. Meena is admitted for (1/4) share. If Meena gets her share equally from both old partners then what is the new ratio?
  6. 6Rohit and Mohit share profits in (5:3). Sohit is admitted for (1/4) share which is taken from Rohit only. What is the new ratio?
  7. 7Anshu and Binu share profits in the ratio 7:5. Charu is admitted as a partner for a 1/6 share of profits. If Anshu and Binu surrender Charu’s share in their old ratio, what will be the new profit-sharing ratio?
  8. 8Kapil and Lalit share profits in (2:1). Manoj is admitted for (1/3) share which is given equally by both old partners. What is the new ratio?
  9. 9Neeraj and Pankaj share profits in (4:1). Queen is admitted for (1/5) share. If Queen's share is taken from Pankaj then what is the new ratio?
  10. 10Deepak and Isha share profits in the ratio 3:1. Falgun is admitted as a partner for a 1/4 share of profits, which is contributed by Deepak and Isha in their old profit-sharing ratio. What is Deepak’s new profit-sharing share?
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