Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

James and Kamal are sharing profits and losses in the ratio of 5 : 3. They admit Sunil as a partner giving him 1/5 share of profits. Find out the sacrificing ratio. - Accountancy

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MCQ

James and Kamal are sharing profits and losses in the ratio of 5 : 3. They admit Sunil as a partner giving him 1/5 share of profits. Find out the sacrificing ratio.

Options

  • 1 : 3

  • 3 : 1

  • 5 : 3

  • 3 : 5

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Solution

5 : 3

Concept: New Profit Sharing Ratio and Sacrificing Ratio
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Chapter 5: Admission of a partner - Multiple Choice questions [Page 172]

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Tamil Nadu Board Samacheer Kalvi Class 12th Accountancy Answers Guide
Chapter 5 Admission of a partner
Multiple Choice questions | Q I 9. | Page 172

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