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Standard XII

Accountancy

Calculating Gaining Ratio

A B are par...

Question

A & B are partners in a firm sharing profits and losses in the ratio 5:3. On admission, C brings Rs 1,40,000 in cash and Rs 96,000 against goodwill. New profit sharing ratio between A, B and C are 7:5:4. Find the sacrificing ratio as A:B?

3:1

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4:7

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5:4

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2:1

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Solution

The correct option is D 3:1
Sacrificing Ratio = Old - New
A = 5/8-7/12 = 10-7/16
= 3/16
B = 3/8-5/16 = 6-5/16
= 1/16
Sacrificing Ratio = 3:1

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A & B are partners in a firm sharing profits and losses in the ratio 5:3. On admission, C brings Rs 1,40,000 in cash and Rs 96,000 against goodwill. New profit sharing ratio between A, B and C are 7:5:4. Find the sacrificing ratio as A:B?

The correct option is D 3:1Sacrificing Ratio = Old - NewA = 5/8-7/12 = 10-7/16 = 3/16B = 3/8-5/16 = 6-5/16 = 1/16Sacrificing Ratio = 3:1

The correct option is D 3:1
Sacrificing Ratio = Old - New
A = 5/8-7/12 = 10-7/16
= 3/16
B = 3/8-5/16 = 6-5/16
= 1/16
Sacrificing Ratio = 3:1