Target Exam

CUET

Subject

Accountancy Part A

Chapter

Admission of a Partner

Question:

Anu and Shipra are partners in a firm sharing profits in the ratio of 3:2. They admit Kriti as a new partner. Anu sacrificed 1/4 of her share and Shipra 1/3 of her share in favour of Kriti. Calculate the new profit sharing ratio of Anu, Shipra and Kriti.

Options:

17:16:27

27:16:17

16:17:27

16:27:17

Correct Answer:

27:16:17

Explanation:

Correct answer: Option (2) → 27:16:17

Concept: New share = Old share – Sacrifice; the incoming partner’s share equals the total sacrifice made by the old partners, as in Reconstitution of a Partnership Firm – Admission of a Partner.

Anu sacrifices 1/4 × 3/5 = 3/20; Shipra sacrifices 1/3 × 2/5 = 2/15.
Anu new = 3/5 – 3/20 = 9/20; Shipra new = 2/5 – 2/15 = 4/15.
Kriti = 3/20 + 2/15 = 17/60.
Taking LCM 60: Anu = 27/60, Shipra = 16/60, Kriti = 17/60.
New ratio Anu : Shipra : Kriti = 27 : 16 : 17.