English

Surbhi and Leena were partners in a firm sharing profits and losses in the ratio of 5 : 3. Ashi was admitted as a new partner for 1/4 share in the profits of the firm. - Accounts

Advertisements
Advertisements

Question

Surbhi and Leena were partners in a firm sharing profits and losses in the ratio of 5 : 3. Ashi was admitted as a new partner for `1/4` share in the profits of the firm. Ashi acquired `3/5` of her share from Surbhi. From the following, how much share did Ashi acquired from Leena:

Options

  • `1/10`

  • `3/20`

  • `2/5`

  • `3/8`

MCQ
Advertisements

Solution

`bb(1/10)`

Explanation:

Ashi’s Share = `1/4`

Share acquired from Surbhi = `1/4 xx 3/5`

= `3/20`

Share acquired from Leena = Ashi’s Total Share − Share acquired from Surbhi

= `1/4 - 3/20`

= `(1 xx 5)/(4 xx 5) - 3/20`

= `5/20 - 3/20`

= `2/20`

= `1/10`

shaalaa.com
  Is there an error in this question or solution?
Chapter 3: Admission of a Partner - OBJECTIVE TYPE QUESTIONS [Page 3.225]

APPEARS IN

D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 3 Admission of a Partner
OBJECTIVE TYPE QUESTIONS | Q 92. | Page 3.225
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×