Question : A, B, C and D are partners sharing profits in the ratio of 18: 15: 18: 3, D died and his share of profit is taken by the remaining partners A, B and C equally. The new profitsharing ratio will be 19:16:19.

Option 1: True

Option 2: False

Option 3: Can't say

Option 4: None of the above

Question : A, B and C are partners sharing profits in the ratio of 7:6:7, B retires and his shares are divided equally between A and C. The New profit-sharing ratio of the remaining partners will be 

Option 1: 1:1

Option 2: 4:5

Option 3: 3:2

Option 4: 2:3

Question : Which of the following statements is incorrect?

Option 1: New Profit-sharing Ratio among remaining or continuing partners is same as their Old Profit-sharing Ratio.

Option 2: Gaining Ratio of remaining or continuing partners is same as their Old Profit-sharing Ratio.

Option 3: Gaining ratio is the ratio in which the remaining partners take the outgoing (retired or deceased) partner's share.

Option 4: None of the above

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

Question : A and B are partners in a firm sharing profits in a ratio of 7: 3. C is admitted as a new partner. A sacrifices 2 / 7 th of his share in profits in favour of C and B 1 / 7 th of his share in favour of C. The new profit-sharing ratio between A, B and C will be

Option 1: 39: 11: 30

Option 2: 50: 11: 30

Option 3: 35: 18: 17

Option 4: None of the above