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12th Class Accountancy Admission of a Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Admission of a Partner

  • question_answer
    A and B are partners sharing profits and Losses in the ratio of 5 : 3. On admission, C brings Rs. 70,000 as cash and Rs. 43,000 against goodwill. New profit ratio between A, B and C is 7:5:4. The sacrificing ratio of A and B is:

    A) 3:1      

    B) 1:3        

    C) 4: 5        

    D) 5:9

    Correct Answer: A

    Solution :

     
    [a] 3 :1
    Hint: Sacrificing Ratio = Old Share - New Share
    A= \[\frac{5}{8}-\frac{7}{16}=\frac{10-7}{16}=\frac{3}{16}\]
    B= \[\frac{3}{8}-\frac{5}{16}=\frac{6-5}{16}=\frac{1}{16}\]
    Sacrificing Ratio =3:1


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