Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Admission of a Partner

Question:

P and S are partners sharing profits in the ratio of 3 : 2. R is admitted with 1/5th share and he brings in ₹84,000 as his share of goodwill which is Credited to the Capital Accounts of P and S respectively with ₹63,000 and ₹21,000. What will be the sacrificing ratio?

Options:

3:1

9:7

3:2

7:9

Correct Answer:

3:1

Explanation:

The correct answer is option 1- 3:1.

They sacrificed in ratio of 63,000 : 21,000
                                       or 3:1