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Multiple Choice Questions

A and B are partners sharing profits and losses in the ratio of 3 2 They admit C into the partnershi...........

General Accounting Principles Partnership

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A and B are partners sharing profits and losses in the ratio of 3:2. They admit C into the partnership for one-fourth share of the profits while A and B as between themselves are sharing profits & losses equally. The new profit sharing ratio will be _______.

NR 3:3:2, SR 1:9

NR 4:2:2, SR 9:1

NR 3:3:2, SR 9:1

None of these

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Explanation:

Old ratio (A and B) = 3 : 2

C is admitted for 1/4 share

Let the combined share of A, B and C = 1

Combined share of A and B after C's admission = 1 - C's share

= 1 - (1/4) = 3/4

New share :

A = (3/4) * (1/2) = 3/8

B = (3/4) * (1/2) = 3/8

C = 1/4

Therefore, A : B : C = 3/8 : 3/8 : 1/4

= 3 : 3 : 2

Sacrificing ratio = Old ratio - New ratio

A's sacrifice = (3/5) - (3/8) = 9/24

B's sacrifice = (2/5) - (3/8) = 1/24

Therefore, sacrificing ratio of A and b is 9 : 1

By: SWAPNIL AGGARWAL

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Let's Discuss

sai

answer should be c according to explanation

wrong answer . It is third one 3:3:2 and SR 9:1

Wrong answer. The actual answer is thrid NR 3.:3:2 and SR 9:1

RAJNISH KUMAR

Correct answer.?

Anand kumar

1/3 and 2/3 will be reduced from old to get sacrificing ration .can you explain why 1/4 and 2/4 deductef

SAMEER KUMAR

here new ratio of A & B is 2:1 as in the given question but explanantion has been done by taking ratio as 1:2

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