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Standard XII

Accountancy

Calculating Gaining Ratio

X and Y are p...

Question

X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4 share in profit. Z acquires his share from X and Y in the ratio of 2 : 1. Calculate new profit-sharing ratio.

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Solution

Old Profit Sharing Ratio amongst Partners (X and Y) is 3 : 2
Z is admitted for 1/4^th Share in Profits
Sacrificing Ratio of X and Y is 2 : 1

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Q. X and Y are partners sharing profits and losses in the ratio of 3 : 2. They admit Z into partnership. X gives 1/3rd of his share while Y gives 1/10th from his share to Z. Calculate new profit-sharing ratio and sacrificing ratio.

X and Y are partners sharing profits in 5 : 3 ratio admitted Z for $\frac{1}{10}$ share which he acquired equally for X and Y. Calculate new profit sharing ratio.

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X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4 share in profit. Z acquires his share from X and Y in the ratio of 2 : 1. Calculate new profit-sharing ratio.

Old Profit Sharing Ratio amongst Partners (X and Y) is 3 : 2 Z is admitted for 1/4th Share in Profits Sacrificing Ratio of X and Y is 2 : 1

Old Profit Sharing Ratio amongst Partners (X and Y) is 3 : 2
Z is admitted for 1/4^th Share in Profits
Sacrificing Ratio of X and Y is 2 : 1