Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Admission of a Partner

Question:

Anshu and Nitu are partners sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share which she acquired 2/10 from Anshu and 1/10 from Nitu. The new profit sharing ratio of Anshu, Nitu and Jyoti.

Options:

4:3:3

4:3:5

3:4:3

2:7:3

Correct Answer:

4:3:3

Explanation:

The correct answer is option 1- 4:3:3.

Anshu and Nitu old ratio = 3:2
Jyoti admits = 3/10 share which she acquired 2/10 from Anshu and 1/10 from Nitu.
So, sacrificing ratio = 2/10 :1/10
                             = 2:1

New share = Old share - Sacrificed share

New share of Anshu = 3/5 - 2/10
                              = (6-2)/10
                              = 4/10

New share of Nitu = 2/5 - 1/10
                          = (4-1)/10
                          = 3/10

New ratio = 4/10 : 3/10 : 3/10
               = 4:3:3