Admission of a Partner - Sacrifice Ratio and New Ratio

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The proportion in which old partners make a sacrifice is called _________________ ratio.

Answer in one sentence only.
When is the ratio of sacrifice to be calculated?

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How is sacrifice ratio calculated?

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Jay, Vijay and Ajay are three partners sharing profits in 3:2:1. They decided to admit Sanjay and give him `1/7`th share, new profit sharing ratio of partners will be _________________.

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Akash, Prakash and Deepak are partners who share profits as 3:2:1. They admit Suraj as a partner and decided to share future profits as 5:3:2:2. The sacrifice ratio will be __________

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The _____________ ratio is useful for making adjustment for goodwill among the old partners.

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Krishna and Balram, who are equal partners, admit Arjun into partnership for 1/4^th share, their new profit sharing ratio will be ________________.

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In case of admission of a partner, the profit or loss on revaluation of assets and liabilities is shared by _________________ partners.