You visited us 2 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard XII

Accountancy

Cash Settlement with Retiring Partner

A, B and C ar...

Question

A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted as a new partner for 1/6th share. C will retain his original share. Calculate the new profit-sharing ratio and sacrificing ratio.

Open in App

Solution

Calculation of New Profit Sharing Ratio

*Since nothing is mentioned about the sacrifice made by the existing partners, it is assumed that A and B sacrifice in their old ratio.

Calculation of Sacrificing Ratio

Suggest Corrections

Similar questions

A, B

and

C

are partners sharing profits in the ratio of

2 : 2 : 1

D

is admitted as a new partner for

1 / 6^{t h}

share.

C

will retain his original share. Calculate the new profit sharing ratio and sacrificing ratio.

Q. A, B and C are partners in the ratio of

3 : 2 : 1

. W is admitted with a

1 / 6

th share in profits. C would retain his original share. The new profit sharing ratio will be ______.

A, B and C are partners sharing profits in 3:2:2 ratio. They admitted D as a new partner for 1/5 share which he acquired from A, B and C in 2:2:1 ratio respectively. Calculate new profit sharing ratio?

P

and

Q

are partners sharing profits in the ratio of

3 : 2

. They admit

R

, a new partner who acquired

1 / 5^{t h}

of his share from

P

and

4 / 25^{t h}

share from

Q

. Calculate New Profit Sharing Ratio and Sacrificing Ratio.

Q. Find New Profit-sharing Ratio:
(i) R and T are partners in a firm sharing profits in the ratio of 3 : 2. S joins the firm. R surrenders 1/4th of his share and T 1/5th of his share in favour of S.
(ii) A and B are partners. They admit C for 1/4th share. In future, the ratio between A and B would be 2 : 1.
(iii) A and B are partners sharing profits and losses in the ratio of 3 : 2. They admit C for 1/5th share in the profit. C acquires 1/5th of his share from A and 4/5th share from B.
(iv) X, Y and Z are partners in the ratio of 3 : 2 : 1. W joins the firm as a new partner for 1/6th share in profits. Z would retain his original share.
(v) A and B are equal partners. They admit C and D as partners with 1/5th and 1/6th share respectively.
(vi) A and B are partners sharing profits/losses in the ratio of 3 : 2 . C is admitted for 1/4th share. A and B decide to share equally in future.

Join BYJU'S Learning Program

A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted as a new partner for 1/6th share. C will retain his original share. Calculate the new profit-sharing ratio and sacrificing ratio.

Calculation of New Profit Sharing Ratio *Since nothing is mentioned about the sacrifice made by the existing partners, it is assumed that A and B sacrifice in their old ratio. Calculation of Sacrificing Ratio

Calculation of New Profit Sharing Ratio

*Since nothing is mentioned about the sacrifice made by the existing partners, it is assumed that A and B sacrifice in their old ratio.

Calculation of Sacrificing Ratio