Amar & Akbar were partners in a firm sharing P & L in ratio 3 : 2. Their Balance Sheet as at March 31, 2023 was as under:
|
Liabilities |
Amount (₹) |
Assets |
Amount (₹) |
|
Creditor |
50,000 |
Land & Building |
2,50,000 |
|
Bank Loan |
2,00,000 |
Plant & Machinery |
1,80,000 |
|
Amar Capital |
2,80,000 |
Goodwill |
1,00,000 |
|
Akbar Capital |
1,20,000 |
Stock |
60,000 |
|
|
|
Debtor |
40,000 |
|
|
|
Bank |
20,000 |
|
|
6,50,000 |
|
6,50,000 |
They admitted Anthony as a new partner for 1/5 share which he acquired equally from Amar and Akbar.
Based on above information, answer questions.
New Ratio will be :
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → 5 : 3 : 2
Anthony’s share = 1/5 = 2/10, taken equally (1/10 each)
Amar = 3/5 − 1/10 = 6/10 − 1/10 = 5/10
Akbar = 2/5 − 1/10 = 4/10 − 1/10 = 3/10
New ratio of Amar, Akbar and Anthony = 5 : 3 : 2
NCERT (2026-27 edition):
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