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

A and B share profits in the ratio 5:3. C is admitted for a 1/4 share of the total profits, which is sacrificed by A and B in the ratio 1:2. What will be the new profit-sharing ratio?

Answer and explanation

Correct answer: 13:5:6

A and B’s old shares are 5/8 and 3/8 respectively. C’s 1/4 share is sacrificed by A and B in the ratio 1:2, so A sacrifices 1/12 and B sacrifices 1/6. Therefore, A’s new share is 5/8 − 1/12 = 13/24, B’s new share is 3/8 − 1/6 = 5/24, and C’s share is 1/4 = 6/24. Hence, the new ratio is 13:5:6. Exam tip: Subtract each existing partner’s sacrifice from the old share and then include the incoming partner’s share.

Related tags

Sacrificing RatioNew Profit Sharing RatioAdmission Of PartnerPartnership 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.