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A and B are partners sharing profits in the ratio of 11 : 4. C was admitted. A surrendered 1/11th of his share and B 1/4 of his share in favour of C. The sacrificing ratio will be ______. - Accounts

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Question

A and B are partners sharing profits in the ratio of 11 : 4. C was admitted. A surrendered `1/11`th of his share and B `1/4` of his share in favour of C. The sacrificing ratio will be ______.

Options

  • 11 : 4

  • 1 : 1

  • 4 : 11

  • 7 : 4

MCQ
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Solution

A and B are partners sharing profits in the ratio of 11 : 4. C was admitted. A surrendered `1/11`th of his share and B `1/4` of his share in favour of C. The sacrificing ratio will be 1 : 1.

Explanation:

A’s sacrificed share = `1/11 xx 11/15`

= `11/165`

= `1/15`

B’s sacrificed share = `1/4 xx 4/15`

= `4/60`

= `1/15`

The sacrificing ratio of A and B = `1/15 : 1/15` or 1 : 1

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Chapter 3: Admission of a Partner - OBJECTIVE TYPE QUESTIONS [Page 3.212]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 3 Admission of a Partner
OBJECTIVE TYPE QUESTIONS | Q 21. | Page 3.212
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