Practicing Success

Target Exam

CUET

Subject

Accountancy

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