A and B are partners sharing and losses in the porportion of 7 : 5. They agree to admit C, their manager, into partnership who is to get 1/6th share in the profits. He acquires this share as 1/2th from A and 1/8th from B. Calculate new profit-sharing ratio.
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(When one of the Old Partners Gifts his Share). A and B are Partners sharing profits in the ration of which half share was gifted by A and the remaini
`{:(,,A,B),((i),"Their old share",5//8,3//8),((ii),"Share gifted by A",3//10xx1//2=3//20,...),((iii),"Share acquired by C ,3//20xx1//2=3//40,3//20xx1//2=3//40):}` New share of A =Old share-Share gifted -Share acquired by C `=(5)/(8)-(3)/(20)-(3)/(40)=(25-6-3)/(40)=(16)/(40)` New share of `B=(3)/(8)-(3)/(40)=(15-3)/(40)=(12)/(40)` Thus, New Prfit-sharing Ration...
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P, Q and R were on partnership terms sharing and losses in the ratio of 6 : 3 : 1. They decide to take S into partnership with effect from 1st April,
Calculation of Net Effect of Accumulated profits, Losses and Resreve: `{:(,"Book Values (RS)"),("General Reserve","1,80,000"),("Contingency Reserve","30,000"),("Profit and Loss A//C (Cr.)","90,000"),(,overline("3,00,000")),("Advertisement Suspense A//c (Dr.)","1,20,000"),("Net Effect",underline underline overline("1,80,000")):}` Calculation of Sacrifice/(Gain) of Each...
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X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit A into partnership and give him 1/5th share of profits. Find
New Profit-sharing Ratio- 10:6:4:5.
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X and Y are partners sharing profits in the ratio of 3 : 2. They admitted P and Q as new partners. X surrendered 1/3rd of his share in favour of P and
New Profit-sharing Ratio of X,Y,P and Q-4: 3 : 2 :1.
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X and Y are partners sharing profits and losses in the of 3 : 2. They admit Z into partnership. X gives 1/3rd of his share while Y gives 1/10th from h
New Profit-sharing Ratio-4 : 3 : 3, Sacrificing Ratio-2 : 1.
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A, B and C are partners sharing profits in the ratio of 2 : 2 : 1, D is admitted as a new partner for 1/6th share. C will retain his original share. C
When the sacrifice of partners is not given, then sacificing ratio is same as the old ratio So, Sacrificing Ratio of A and B = 2 : 2 or 1...
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M and J are partners in a firm sharing profits in the ratio of 3 : 2. They admit R as a new partner. The new profit-sharing ratio between M, J and R w
Goodwill will be shared by M and J equally.
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A and B are partners in a firm with capital of RS.60,000 and RS.1,20,000 respectively. They decide to admit C into the partnership for 1/4th share in
Goodwill -RS.30,000.
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X, Y and Z are equal partners with capitals of RS.1,500, RS.1,750 and RS.2,000 respectively. They agree to admit W into equal partnership upon payment
Loss on Revaluation-RS.270, Balance Sheet Total-RS-RS.11,280.
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X.Y and Z are partners sharing profit and losses equally as per partnership Deed ,Z is entited to a commission of 10% on the net profit after charging
Commission payable to Z -Rs.20,000
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