Maharashtra State BoardHSC Commerce 12th Board Exam
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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.

Krishna and Balram, who are equal partners, admit Arjun into partnership for 1/4th share, their new profit sharing ratio will be ________________.

Options

  • 3:3:1

  • equal

  • 3:3:2

  • 2:2:1

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Solution

Krishna and Balram, who are equal partners, admit Arjun into partnership for 1/4th share, their new profit sharing ratio will be 3:3:2.

Explanation: It is calculated as follows:                        
Let the total share be 1.

Arjun's share = `1/4` or `2/8`

Remaining share = `1-1/4 = 3/4`

Krishna's share = `3/4 xx 1/2 = 3/8`

Balram's share = `3/4 xx 1/2 = 3/8`

New profit sharing ratio of krishna , Balram and Arjun = `3/8 : 3/8 : 2/8` or 3 : 3 : 2.

Concept: Admission of a Partner - Sacrifice Ratio and New Ratio
  Is there an error in this question or solution?
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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 8 | Page 108
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