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Standard XII

Accountancy

Present Value of Money

A and B sha...

Question

$A$ and $B$ sharing profits and losses in the ratio of $2 / 3^{r d}$ and $1 / 3^{r d}, a d m i t$ C as a partner giving him $1 / 4^{t h}$ share. The new profit-sharing ratio will be :

A - 1 / 2

B - 1 / 4

C - 1 / 4

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A - 1 / 3

B - 1 / 3

C - 1 / 4

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A - 3 / 8

B - 3 / 8

C - 2 / 8

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None of these

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Solution

The correct option is C $A - 1 / 2$ , $B - 1 / 4$ , $C - 1 / 4$
A's old share= 2/3
B's old share= 1/3

C's share= 1/4
Hence, remaining share= 1-[1/4]
= 3/4

Therefore, New profit sharing ratio:
A's new share= 2/3 * 3/4
= 1/2
B's new share= 1/3 * 3/4
= 1/4
C's share= 1/4

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Similar questions

A and B are partners sharing profits in the ratio of 3:2. They admit C with 1/8 share in the profits. The new profit sharing ratio between Aand B is 4:3. The new profit sharing ratio and sacrificing ratio will be:

Q. A and B are two partners sharing profits in the ratio of

3 : 2

. They admit C into partnership as a partner. A gives 1/3rd of his share while B gives

1 / 10

th from his share. The new profit sharing ratio will be __________.

Q. A and B are partners sharing profits in the ratio 5 : 3. They admitted C giving him 3/10th share of profit. If C acquires

1 / 5^{t h}

share from A and

1 / 10^{t h}

from B, new profit sharing ratio will be:

Q. A & B are partners sharing profits in the ratio

5 : 3

, they admitted C giving him

3 / 10

th share of profit. If C acquires

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th from B, new profit sharing ratio will be _________.

A, B

and

C

are partners sharing profit and losses in the ratio

5 : 4 : 1

. Calculate new profit sharing ratio, sacrificing ratio in each of the following cases :
Case

1. C

acquires

1 / 5 t h

share from

A

.
Case

2. C

acquires

1 / 5 t h

share from

A

and

B

Case

3. A, B

and

C

will share future profits and losses equally.
Case

4. C

acquires

1 / 10 t h

share of

A

and

1 / 2

share of

B

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A and B sharing profits and losses in the ratio of 2/3rd and 1/3rd,admit C as a partner giving him 1/4th share. The new profit-sharing ratio will be :

The correct option is C A−1/2, B−1/4, C−1/4A's old share= 2/3B's old share= 1/3C's share= 1/4Hence, remaining share= 1-[1/4] = 3/4Therefore, New profit sharing ratio:A's new share= 2/3 * 3/4 = 1/2B's new share= 1/3 * 3/4 = 1/4C's share= 1/4

$A$ and $B$ sharing profits and losses in the ratio of $2 / 3^{r d}$ and $1 / 3^{r d}, a d m i t$ C as a partner giving him $1 / 4^{t h}$ share. The new profit-sharing ratio will be :

The correct option is C $A - 1 / 2$ , $B - 1 / 4$ , $C - 1 / 4$
A's old share= 2/3
B's old share= 1/3

C's share= 1/4
Hence, remaining share= 1-[1/4]
= 3/4

Therefore, New profit sharing ratio:
A's new share= 2/3 * 3/4
= 1/2
B's new share= 1/3 * 3/4
= 1/4
C's share= 1/4