Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Admission of a Partner

Question:

Rohit and Mohit are partners in a firm sharing profits in the ratio of 5 : 3. They admitted Bijoy as a new partner for 1/7 share in the profit. The new profit sharing ratio will be 4 : 2 : 1. Calculate the sacrificing ratio of Rohit and Mohit.

Options:

5 : 3

3 : 5

3 : 4

3 : 7

Correct Answer:

3 : 5

Explanation:

The correct answer is Option (2) → 3 : 5