Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:

X, Y & Z are partners sharing profit and losses in ratio of 5:4:1. Calculate sacrificing ratio if all partners agree to share future profits equally?

Options:

3:6

2:5

9:7

5:2

Correct Answer:

5:2

Explanation:

Old ratio = 5:4;1
New ratio = 1:1:1
Sacrifice of X =5/10-1/3= 5/30
Sacrifice of Y= 4/10- 1/3= 2/30
Sacrifice of Z= 1/10-1/3 = -7/30
So, sacrificing ratio is 5/30: 2/30 = 5:2