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Ram and Shyam were equal partners in a partnership. They admitted Mohan for 14th share. He acquired his share equally from Ram and Shyam. Consider the statements below: -

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Question

Ram and Shyam were equal partners in a partnership. They admitted Mohan for `1/4`th share. 
He acquired his share equally from Ram and Shyam. Consider the statements below:

  1. Ram and Shyam both will sacrifice equally to Mohan.
  2. Ram's sacrificing ratio is more than that of Shyam.)
  3. The new profit sharing ratio of Ram, Shyam and Mohan will be 11 : 6 : 5.

Choose the correction option:

Options

  • Only (I) is correct.

  • Only (II) is correct. 

  • Only (III) is correct. 

  • All of the above

MCQ

Solution

Only (I) is correct.

Explanation:

As Mohan acquires his `1/4`th share equally from Ram and Shyam, the sacrificing ratio is equal for both, hence statement (i) is only true.

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Effect of Admission of a Partner on Change in the Profit Sharing Ratio
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