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Answer

A and B are partners sharing profits and losses in the ratio of 3 : 2. They admit X and Y as new partners. A surrendered 1/3rd of his share in favour of X and B surrendered 1/4th of his share in favour of Y. Calculate the new profit sharing ratio of A, B, X and Y

Solution:-

Anurag Pathak
August 20, 2024

A, B and C are partners in a firm sharing profits in 4 : 3 : 3 ratio. They decided to admit their manager D into partnership. A surrendered 1/4 of his share in favour of D; B surrendered 1/5 of his share in favour of D and C surrendered 1/6 of his share in favour of D. Calculate new profit sharing ratio

Solution:-

Anurag Pathak
August 20, 2024

X and Y are partners in a firm sharing profits and losses in the ratio of 9 : 6. A new partner Z is admitted. X surrenders 3/15th share of his profit in favour of Z and Y 6/15th of his share in favour of Z. Calculate new profit sharing ratio

Solution:-

Anurag Pathak
August 20, 2024

A and B share profits in the ratio of 3 : 2. They agreed to admit C on the condition that A will sacrifice 3/20th of his share of profit in favour of C and B will sacrifice 1/20th of his profits in favour of C. Calculate new profit sharing ratio

Solution:-

Anurag Pathak
August 20, 2024

A and B are partners in a firm sharing profits in the ratio of 2 : 1. C joins the firm. A surrenders 1/4th of his share and B 1/5th of his share in favour of C. Find the new profit sharing ratio.

Solution:-

Anurag Pathak
August 20, 2024

A and B are partners sharing profits in the ratio of 3 : 2. C is admitted for 1/5th share of profits out of which half share was gifted by A and the remaining share was taken by C equally from A and B. Calculate new profits sharing ratio

Solution:-

Anurag Pathak
August 20, 2024

X and Y are partners sharing profits and losses in the ratio of 3 : 2. They admit Z as a new partner who gets 1/5th share. Calculate the new profit sharing ratio in each of the following cases

Solution:- Case – (i) Case – (ii) Case – (iii) Case – (vi) Case – (v) Case (vi)

Anurag Pathak
August 20, 2024

A and B are partners sharing profits in the ratio of 3 : 2. They admit C into partnership giving his 1/2 share in profits which he acquires from A and B in the ratio of 3 : 1. Calculate the new profit ratio

Solution:-

Anurag Pathak
August 20, 2024

A, B and C were partners in a firm sharing profits in 1 : 2 : 3 ratio. They admitted D as a new partner for 1/6th share. D acquired his share 1/24 from A, 1/24 from B and 1/12 from C. Calculate new profit sharing ratio

Solution:-

Anurag Pathak
August 20, 2024

A and B are partners sharing profits in the ratio of 5 : 3. They admit C on 1/4th share which he acquires 1/6th from A and 1/12th from B. Calculate the new profit sharing ratio of the partners

Solution:-

Anurag Pathak
August 20, 2024