Question

Malti, Bhumi, and Salim were partners sharing profits and losses in the ratio of 3 : 3 : 4 Malti died on 31st December 2024.

The following entry was passed for the adjustment of the interim profit of Malti.

Date	Particulars	L.F.	Amount (₹)	Amount (₹)
31.12.2024	Bhumi’s Capital A/c   ...Dr.		20,000	-
	Salim’s Capital A/c   ...Dr.		20,000	-
	To Malti’s Capital A/c		-	40,000
	(Being an adjustment entry made for interim profit)

What will be the new profit-sharing ratio for the continuing partners?

विकल्प

• 1 : 1

• 3 : 4

• 4 : 5

• 9 : 11

Answer 1

9 : 11

Explanation:

Old Ratio: Malti : Bhumi : Salim = 3 : 3 : 4

From the journal entry, Bhumi and Salim are debited ₹ 20,000 each.

Ratio of debits = 20,000 : 20,000

= 1 : 1.

Therefore, the Gaining Ratio is 1 : 1.

Malti’s share `3/10` is divided between Bhumi and Salim in the ratio of 1 : 1.

Share gained by Bhumi = `1/2 xx 3/10`

= `3/20`

Share gained by Salim = `1/2 xx 3/10`

= `3/20`

New Share = Old Share + Gain

Bhumi’s New Share = `3/10 + 3/20`

= `(6 + 3)/20`

= `9/20`

Salim’s New Share = `4/10 + 3/20`

= `(8 + 3)/20`

= `11/20`

New Ratio = 9 : 11