Question : A, B and C are partners sharing profits in the ratio of 5: 3: 2. They admit D into partnership. The new profit sharing ratio of partners is 3: 2: 2: 3. the sacrificing ratio is ____________.
Option 1: 5:3:2
Option 2: 2:1:1
Option 3: 2:1
Option 4: None of the above
Correct Answer: 2:1
Solution : Answer = 2:1 Sacrifice Ratio = Old Ratio - New Ratio Therefore, Sacrifice made by A=$\frac{5}{10}-\frac{3}{10}=\frac{2}{10}$
Sacrifice made by B=$\frac{3}{10}-\frac{2}{10}=\frac{1}{10}$
Sacrifice made by C=$\frac{2}{10}-\frac{2}{10}=0$
As C has not sacrificed any share of profit, therefore sacrifice ratio of A and B=$\frac{2}{10}: \frac{1}{10}$ or $2: 1$. Hence, the correct option is 3.
Question : A, B and C are partners sharing profits and losses in the ratio of 9: 6: 5. D is admitted as a new partner for 1/4th share. B sacrifices 1/20th from his share in favour of D and the rest of the sacrifice was made by A and C in the ratio of 3: 1. The sacrificing ratio and new profit sharing ratio of the partners will be _________.
Option 1: SR 2:1:2 and NPSR 6: 5: 4: 5
Option 2: SR 3: 1: 1 and NPSR 5: 5: 4: 5
Option 3: SR 3: 1: 1 and NPSR 6: 5: 4: 5
Question : A, B and C were partners in a firm sharing profits in a 3: 3: 2 ratio. They admitted D as a new partner for 4/7 profit. D acquired his share 2/7 from A, 1 / 7 from B and 1 / 7 from C. The new profit sharing ratio will be
Option 1: 5:13:6:32
Option 2: 5:13:6:4
Option 3: 3: 3: 2: 4
Question : Divya, Vikas and Varun are partners sharing profits in the ratio of 1/2: 1/8: 3/8 respectively. Vikas retires and surrenders 1/9 th from his share in favour of Divya and the remaining in favour of Varun. gaining ratio and new profit-sharing ratio will be :
Option 1: Gaining ratio 8: 1 and new profit sharing ratio 11: 7
Option 2: Gaining ratio 11: 7 and new profit sharing ratio 8: 1
Option 3: Gaining ratio 4: 2 and new profit sharing ratio 7: 11
Question : In the event of change in profit-sharing ratio, profit and loss (Dr) existing in the Balance Sheet is transferred to Capital Accounts of partners in their
Option 1: Sacrificing ratio
Option 2: gaining ratio
Option 3: old profit-sharing ratio
Option 4: new profit-sharing ratio
Question : In the event of change in profit-sharing ratio, profit and loss (credit balance) existing in the Balance Sheet is transferred to Capital Accounts of partners in their
Option 2: Gaining ratio
Option 3: Old profit-sharing ratio
Option 4: New profit-sharing ratio
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