Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:

X, Y & Z are partners in a partnership firm sharing profit and losses in ratio of 5:4:1. Calculate sacrificing ratio if Z acquires 1/5th share, equally from X and Y.

Options:

1:1

2:1

1:2

3:1

Correct Answer:

1:1

Explanation:

The correct answer is option 1- 1:1

Z acquire 1/5th share equally means
1/5*1/2 = 1/10 from X and 1/10 from Y.
So, sacrificing ratio is 1/10 : 1/10 means 1:1