Question : A, B and C are partners sharing profits and losses in the ratio of 4:3:1 respectively. March 31, 2023, At the end of the year B died and sold his share of profit to A and C for Rs.81,000; Rs.36,000 being paid by A and Rs.45,000 by C.
The New profit-sharing ratio will be
Option 1: 2:1
Option 2: 1:2
Option 3: 4:5
Option 4: 4:1
Correct Answer: 2:1
Solution : Answer = 2:1
Selling his share to A and C = 36000:15000 = 4:5 A Gain = 3/8 * 4 /9 = 12/72 C Gain = 3/8 * 5/9 = 15/72 New Ratio = Old Ratio + Gaining Ratio A= 4/8 + 12/72 = 36 + 12/72 = 48/72 C = 1/8 + 15/72 = 9 + 15/72 = 24/72 M.R = 48:24 = 2:1 Hence, the correct option is 1.
Question : A, B and C were partners sharing profit and losses in the ratio of 7:3:2. From 1st April 2020 they decided to share profit and losses in the ratio of 8:4:3. Goodwill is Rs 2,40,000. In adjustment entry for goodwill
Question : P, Q and R are partners sharing profit and losses in the ratio of 3: 2: 1. Q retires selling his share of profit to P and R for Rs 54,000 being paid by P and Rs 36,000 being paid by R. Calculate new profit sharing ratio.
Question : Hari, Mohan and Sohan are partners sharing profit and losses in the ratio of 5:3:2. Mohan died. His share of profit is to be taken by Hari and sohan in the ratio of 2:1. Calculate the new profit-sharing ratio and also calculate the gaining ratio
Question : X, Y and Z are partners sharing profit and losses in the ratio of 3:2:1. Y died, and X and Z share profit and losses in the ratio of 3:2. Their gaining ratio will be
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