Tamil Nadu Board of Secondary EducationHSC Commerce Class 12th

# Vimala and Kamala are partners, sharing profits and losses in the ratio of 4 : 3. Vinitha enters into the partnership and she acquires 1/14 from Vimala and 1/14 from Kamala. - Accountancy

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Sum

Vimala and Kamala are partners, sharing profits and losses in the ratio of 4 : 3. Vinitha enters into the partnership and she acquires 1/14 from Vimala and 1/14 from Kamala. Find out the new profit sharing ratio and sacrificing ratio.

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#### Solution

New Profit Sharing Ratio = Old Ratio – Sacrificing Ratio

Vimala = 4/7 - 1/14 = (8 - 1)/14 = 7/14

Kamala = 3/7 - 1/14 = (6 - 1)/14 = 5/14

Vinitha = 1/14 + 1/14 = 2/14

New Profit Sharing Ratio = 7 : 5 : 2

Sacrificing Ratio = 1 : 1

Concept: New Profit Sharing Ratio and Sacrificing Ratio
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#### APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 12th Accountancy Answers Guide
Chapter 5 Admission of a partner
Exercises | Q IV 11. | Page 176
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