Select the Most Appropriate Answer from the Alternative Given Below and Rewrite the Sentence. - Book Keeping and Accountancy

MCQ

Select the most appropriate answer from the alternative given below and rewrite the sentence.

Akash, Prakash and Deepak are partners who share profits as 3:2:1. They admit Suraj as a partner and decided to share future profits as 5:3:2:2. The sacrifice ratio will be __________

• 1:1:0

• 2:1:1

• 0:1:3

• 0:0:2

Solution

Akash, Prakash and Deepak are partners who share profits as 3:2:1. They admit Suraj as a partner and decided to share future profits as 5:3:2:2. The sacrifice ratio will be 1:1:0.

Explanation: It is calculated as follows:-
Sacrifice ratio = Old ratio – New ratio

Akash's sacrifice = 3/6 - 5/12 = 1/12

Prakash's sacrifice = 2/6 - 3/12 = 1/12

Deepak's sacrifice = 1/6 - 2/12 = 0

Therefore, Sacrificing ratio = 1 : 1 : 0

Concept: Admission of a Partner - Sacrifice Ratio and New Ratio
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 3 Reconstitution of Partnership (Admission of Partner)
Exercise | Q 6 | Page 108