Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Admission of a Partner

Question:

X, Y & Z are partners sharing profits in ratio of 2:2:1. A new partner D is admitted in the firm for 1/6th share of profit. What will be the sacrificing ratio?

Options:

2:2:2

1:2:1

2:2:1

1:2:2

Correct Answer:

2:2:1

Explanation:

The correct answer is option 3- 2:2:1.

If sacrificing ratio is not given and new ratio is also not given, then the sacrificing ratio will be the same as old ratio. So, the sacrificing ratio is 2:2:1.