Question : Y and M are partners sharing profits in the ratio of 2 : 1. They admit K into partnership for ¼ th share of profit Kushagra acquired the share from old partners in the ratio of 3 : 2. The new profit sharing ratio will be:
Option 1: 14 : 31 : 15
Option 2: 3 : 2 : 1
Option 3: 31 : 14 : 15
Option 4: 2 : 3 : 1
Correct Answer: 31 : 14 : 15
Solution : Answer = 31: 14: 15
Y = 2/3 -3/20 = 40 -9/60 = 31/60
M = 1/3 - 2/20 = 20 -60/60 = 14/60
K takes = 1/4 x 3/5 from Y = 3/20 from Y
K takes = 1/4 x 2/5 from M = 3/20 from M
K = 3/20 + 2/20 = 5/20 x 3/3 =15/60
New profit sharing ratio = 31:14:15 Hence, the correct option is 3.
Question : Anshu and Nitu are partners, sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share which she acquired 2/10 from Anshu and 1/10 from Nitu. Calculate the new profit sharing ratio of Anshu, Nitu and Jyoti.
Option 1: 4:3:3
Option 2: 3:4:3
Option 3: 3:3:4
Option 4: 3:2:1
Question : Which year marked the third general election in India?
Option 1: 1952
Option 2: 1957
Option 3: 1962
Option 4: 1967
Question : ---------------may be expressed as an arithmetical relationship between two accounting variables.
Option 1: Ratio
Option 2: Accounting ratio
Option 3: Ratio Analysis
Option 4: None of the above
Question : Relationship between two figures, expressed in arithmetical terms is called -------
Option 1: Percentage
Option 2: Ratio
Option 3: Ratio analysis
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