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Standard XII

Accountancy

Change in Profit Sharing Ratio(PSR)

X & Y are par...

Question

X & Y are partners sharing profit in the ratio of 5:3. Z is admitted as a new partner. X surrendered 1/5th of his share & Y surrendered 1/3rd of his share in favor of Z. What shall be the sacrificing ratio ?

4:5

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1:1

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3:2

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3:1

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Solution

The correct option is B
1:1

X surrenders 1/5th of his share = 1/5 of 5/8 = 1/8

y surrenders 1/3rd of his share = 1/3 of 3/8 = 1/8

Sacrificing ratio = 1:1

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X

and

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were partners sharing profits in the ratio of

3 : 2

. They admitted

P

and

Q

as new partner. X

X

surrendered

1 / 3^{r d}

of his share in favour of

P

and

Y

surrendered

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of his share in favour

Q

. Calculate new profit-sharing ratio

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and

Q

Singh, Gupta and Khan are partners in a firm sharing profits in 3:2:3 ratio. They admitted Jain as a new partner. Singh surrendered 1/3 of his share in favour of Jain: Gupta surrendered 1/4 of his share in favour of Jain and Khan surrendered 1/5 in favour of Jain. Calculate new profit sharing ratio?

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X & Y are partners sharing profit in the ratio of 5:3. Z is admitted as a new partner. X surrendered 1/5th of his share & Y surrendered 1/3rd of his share in favor of Z. What shall be the sacrificing ratio ?

The correct option is B 1:1 X surrenders 1/5th of his share = 1/5 of 5/8 = 1/8 y surrenders 1/3rd of his share = 1/3 of 3/8 = 1/8 Sacrificing ratio = 1:1

The correct option is B
1:1

X surrenders 1/5th of his share = 1/5 of 5/8 = 1/8

y surrenders 1/3rd of his share = 1/3 of 3/8 = 1/8

Sacrificing ratio = 1:1