Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Admission of a Partner

Question:
A and B share profits in the ratio of 2 : 1. C is admitted with 1/4 share in profits. C acquires 3/4 of his share from A and 1/4 of his share from B. The new ratio will be
Options:
02:01:01
23:13:12
03:01:01
13:23:12
Correct Answer:
23:13:12
Explanation:
Sacrifice of A=3/4*1/4=3/16
Sacrifice of B=1/4*1/4=1/16
New Share of A=2/3-3/16=23/48
New Share of B= 1/3-1/16=13/48
C share=12/48 NPR=23:13:12