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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 sharing profits and losses in the ratio of 3 : 2. They admit C as a partner and give him 2/ 10th share in the profits. The new profit sharing ratio will be:

    A) 12 : 8 : 5            

    B) 3 : 2 : 2

    C) 3 : 2 : 5              

    D) 2 : 1 : 2

    Correct Answer: A

    Solution :

    [a] 12 : 8 : 5
    Hint:         C's share = \[\frac{2}{10}\]
    As sacrifice =\[\frac{3}{5}\times \frac{2}{10}=\frac{6}{50}\]
    B's sacrifice =\[\frac{2}{5}\times \frac{2}{10}=\frac{4}{50}\]
    A's new share =\[\frac{3}{5}\times \frac{6}{50}=\frac{30-6}{50}=\frac{24}{50}\]
    B's new share = \[\frac{2}{5}\times \frac{4}{50}=\frac{20-4}{50}=\frac{16}{50}\]
    C's share = \[\frac{2}{10}\times \frac{5}{5}=\frac{10}{50}\]
    New profit sharing ratio = 24 : 16 : 10
                                    or      12 : 8 : 5
     


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