Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:
A and B are partners sharing profit in the ratio of 3:2. They admit C as a partner by giving him 1/3rd share in future profits. The new ratio will be:
Options:
12:08:05
08:12:05
5 : 5 : 12
6:4:5
Correct Answer:
6:4:5
Explanation:
Sacrifice of A= 1/3*3/5=3/15
Sacrifice of B= 1/3*2/5=2/15
New Share of A= 3/5-3/15=6/15
New Share of B= 2/5-2/15=4/15
Share of C=5/15
NPR=6:4:5