Bishan and Sudha Were Partners in a Firm Sharing Profits and Losses in the Ratio of 5 : 3. Alena Was Admitted as a New Partner. It Was Decided that the New Profit Sharing Ratio - Accountancy

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MCQ

Choose the appropriate alternative from the given options:
Bishan and Sudha were partners in firm sharing profits and losses in the ratio of 5 : 3. Alena was admitted as a new partner. It was decided that the new profit sharing ratio of Bishan, Sudha, and Alena will be 10: 6: 5. The sacrificing ratio of Bishan and Sudha will be:

Options

  • 5 : 3

  • 25: 78

  • 6: 5

  • 2: 1

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Solution

The correct answer is 5 : 3.

Working Notes: 

Calculation of Sacrificing Ratio:

Particulars Bishan Sudha
Old Ratio `5/8` `3/8`
New Ratio `10/21` `6/21`
Sacrificing Ratio `(5/8 – 10/21) = 25/168` `(3/8 – 6/21) = 15/168`
Sacrificing Ratio will be= 25: 15 or 5 : 3
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