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

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Question

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 __________

Options

  • 1:1:0

  • 2:1:1

  • 0:1:3

  • 0:0:2

MCQ
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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

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Chapter 3: Reconstitution of Partnership (Admission of Partner) - Exercise 3 [Page 108]

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