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

The new partner is admitted for a 1/4 share of profits, while the old partners continue to share the remaining profits in their mutual ratio of 5:1. What will be the new profit-sharing ratio of the old partners and the new partner?

Answer and explanation

Correct answer: Old Partner 1 : Old Partner 2 : New Partner = 15:3:6

The new partner receives 1/4, so the old partners together retain 1 − 1/4 = 3/4. Dividing this 3/4 in the old mutual ratio of 5:1 gives shares of 5/8 and 1/8. Therefore, the new ratio is 5/8 : 1/8 : 1/4 = 15:3:6. Option B incorrectly keeps the old ratio as the complete new ratio and does not account for the new partner's share. Exam tip: First find the old partners' combined remaining share, then divide it according to their old mutual ratio.

Related tags

Admission Of A PartnerNew Profit Sharing RatioProfit Sharing RatioPartnership AccountsClass 12 AccountancyReconstitution 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.