Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Admission of a Partner

Question:

Das and Sinha are partners in a firm sharing profits in 4 : 1 ratio. They admitted Pal as a new partner for 1/4th share in the profits, which he acquired wholly from Das. The new profit sharing ratio of the partners is-

Options:

11 : 4 : 5

11 : 5 : 4

9 : 4 : 5

7 : 3 : 5

Correct Answer:

11 : 4 : 5

Explanation:

The correct answer is Option (1) → 11 : 4 : 5

Since Pal acquires his share wholly from Das, Das's sacrificing share is equal to Pal's share:

Das’s Sacrifice=1/4
Das’s new share = 4/ 5 - 1/4 = 11/20

Sinha does not give up any share, so his share remains: 1/5=4/20

Pal's Share = 1 / 4 = 5/20 ​

Das : Sinha : Pal = 11 : 4 : 5