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Niyati and Aisha were partners in a firm sharing profit and losses in the ratio of 4 : 3. They admitted Bina as a new partner. - Accounts

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Question

Niyati and Aisha were partners in a firm sharing profit and losses in the ratio of 4 : 3. They admitted Bina as a new partner. Niyati sacrificed `1/4`th from her share and Aisha sacrificed `1/7`th from her share in favour of Bina. Bina’s share in the profits of the firm will be ______.

Options

  • `2/7`

  • `10/49`

  • `11/28`

  • `7/16`

MCQ
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Solution

Niyati and Aisha were partners in a firm sharing profit and losses in the ratio of 4 : 3. They admitted Bina as a new partner. Niyati sacrificed `1/4`th from her share and Aisha sacrificed `1/7`th from her share in favour of Bina. Bina’s share in the profits of the firm will be `bbunderline(11/28)`.

Explanation:

Niyati’s sacrifice = `1/4`

Aisha’s sacrifice = `1/7`

Calculate Bina’s share. 

Bina’s share in the profits is the sum of the sacrifices made by Niyati and Aisha in her favour.

Bina’s share = Niyati’s sacrifice + Aisha’s sacrifice

= `1/4 + 1/7`

= `(1 xx 7)/(4 xx 7) + (1 xx 4)/(7 xx 4)`

= `7/28 + 4/28`

= `(7 + 4)/28`

= `11/28`

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Chapter 3: Admission of a Partner - OBJECTIVE TYPE QUESTIONS [Page 3.211]

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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 11. | Page 3.211
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