Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:
X and Y are partners sharing profit in the ratio of 3 : 2. Z was admitted with 1/4th share in profits which he acquires equally from X and Y. The new ratio will be
Options:
9:06:05
19:11:10
3:03:02
3:02:04
Correct Answer:
19:11:10
Explanation:
"C- 1/4 acquires equally i.e 1/4 *1/2 = 1/8
A- 3/5-1/8= 24-5/40 = 19/40
B- 2/5 - 1/8 = 16-5/40 = 11/40
Thus,New Ratio- 19:11:10
"