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Category Admission of Partner

Admission of Partner 136 Questions

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0 Votes 1 Ans

Amit and Vidya are partners sharing profits in the ratio of 3 : 2. They admit Chintan into partnership who acquires 1/5th of his share from Amit and 4/25th share from vidya. Calculate New Profit sharing ratio and Sacrificing Ratio.

3.65K viewsAnurag Pathak Changed status to publish May 16, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

A, B, C and D are in partnership sharing profits and losses in the ratio of 36 : 24 : 20 : 20 respectively. E joins the partnership for 20% share and A, B, C and D in future would share profits among themselves as 3/10 : 4/10 : 2/10 : 1/10. Calculate new profit sharing ratio after E’s admission.

2.58K viewsAnurag Pathak Changed status to publish May 16, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted as a new partner for 1/6th share. C will retain his original share. Calculate the new profit-sharing ratio and sacrificing ratio.

2.66K viewsAnurag Pathak Changed status to publish May 16, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

Gautam and Yashica are partners sharing profits and losses in the ratio of 3 : 2. They admit Asma into partnership. Gautam gives 1/3rd of his share while Yashica gives 1/10th from his share to Asma. Calculate new profit-sharing ratio and sacrificing ratio.

4.17K viewsAnurag Pathak Changed status to publish May 16, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. D is admitted for 1/3rd share in future profits. What is the sacrificing ratio?

1.54K viewsAnurag Pathak Changed status to publish May 16, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

Karim and Rehman are partners profits in the ratio of 3 : 2. Naval is admitted as a partner. New profit sharing ratio among karim, Rehman and Naval is 4 : 3 : 2. Find the sacrificing ratio.

2.47K viewsAnurag Pathak Changed status to publish May 16, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

Rakesh and Suresh are sharing profits in the ratio of 4 : 3. Zaheer joins and the new ratio among Rakesh, Suresh and Zaheer is 7 : 4 : 3. Find out the sacrificing ratio.

1.68K viewsAnurag Pathak Changed status to publish May 16, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

Mahi and Rajat were in partnership sharing profits and losses in the ratio of 4 : 3. They admitted Kripa as a new partner. Kripa brought ₹ 60,000 as her share of goodwill premium which was entirely credited to Mahi’s Capital Account. On the date of admission, goodwill of the firm was valued at ₹ 4,20,000. Calculate the new profit-sharing ratio of Mahi, Rajat, and Kripa.

3.76K viewsAnurag Pathak Changed status to publish May 14, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

Find the New Profit Sharing Ratio: i) R and T are partners in a firm sharing profits in the ratio of 3 : 2. S joins the firm, R surrenders 1/4th of his share and T 1/5th of his share in favour of S. ii) A and B are partners. They admit C for 1/4th share. In future, the ratio between A and B would be 2 : 1. iii) A and B are partners sharing profits and losses in the ratio of 3 : 2. They admit C for 1/5th share in the profit. C acquires 1/5th of his share from A and 4/5th share from B.

2.97K viewsAnurag Pathak Changed status to publish May 14, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

Kabir and Farid are partners in a firm sharing profits and losses in the ratio of 7 : 3. Kabir surrenders 2/10th from his share and Farid surrenders 1/10th from his share in favour of Jyoti; the new partner. Calculate new profit-sharing ratio and sacrificing ratio.

2.44K viewsAnurag Pathak Changed status to publish May 14, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

P and Q were partners in a firm sharing profits in a ratio of 5 : 3. R was admitted for 1/4th share in the profits, of which he took 75% from P and the remaining from Q. Calculate the sacrificing ratio of P and Q.

4.00K viewsAnurag Pathak Changed status to publish May 14, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

S, B and J were partners in a firm. T was admitted as a partner in the partnership firm for 1/5th share of profits. Calculate the sacrificing ratio of S, B and J.

3.50K viewsAnurag Pathak Changed status to publish May 14, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

Bharati and Astha were partners sharing profits in the ratio of 3 : 2. They admitted Dinkar as a partner for 1/5th share in the future profits of the firm which he got equally from Bharati and Astha. Calculate the new profit-sharing ratio of Bharati, Astha, and Dinkar.

2.35K viewsAnurag Pathak Changed status to publish May 14, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. Calculate the new profit sharing ratio of A, B and C and D.

3.29K viewsAnurag Pathak Changed status to publish May 14, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

A and B are partners sharing profits and losses in the proportion of 7 : 5. They agree to admit C, their manager, into partnership who is to get 1/6th share in the profits. He takes this share as 1/24th from A and 1/8th from B. Calculate new profit sharing ratio.

2.76K viewsAnurag Pathak Changed status to publish May 14, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

0 Votes 1 Ans

Girija, Yatin, and Zubin are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit Suresh into the partnership and give him 1/5th share of profits. Find the new profit-sharing ratio.

3.78K viewsAnurag Pathak Changed status to publish May 14, 2023[CBSE] TS Grewal Solutions Accountancy Class 12th Admission of Partner

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