Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

Abhay and Bala share profits in the ratio of 2:1. Chandan is admitted as a partner for a 1/4 share of profits. If both Abhay and Bala sacrifice 1/8 of their respective shares, what will be Bala’s new share in the profit-sharing ratio?

Answer and explanation

Correct answer: 5/24

Bala’s old share was 1/3 because Abhay and Bala shared profits in the ratio 2:1. Bala sacrifices 1/8 of his share. Therefore, his new share = 1/3 − 1/8 = 8/24 − 3/24 = 5/24. Option B is only Bala’s old share and does not account for the sacrifice. Exam tip: On admission of a partner, a sacrificing partner’s new share is calculated as old share minus the share sacrificed.

Related tags

Admission Of PartnerNew Profit Sharing RatioSacrificing RatioPartnership AccountsClass 12Reconstitution Admission Of A PartnerAccountancyClass 12 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.