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A , B and C are partners in a firm, sharing profits in the ratio of 3:2:1. D is admitted as a new partner. D acquires 1/4 of his share from C and A surrenders 3/10 of his share and B surrenders 1/10 of his share. Calculate New profit sharing ratio.?
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A , B and C are partners in a firm, sharing profits in the ratio of 3:...
Calculation of New Profit Sharing Ratio


Given:


  • Partners: A, B, C

  • Profit Sharing Ratio: 3:2:1

  • New Partner: D

  • D acquires 1/4 of his share from C

  • A surrenders 3/10 of his share

  • B surrenders 1/10 of his share



Step 1: Calculate the New Share of A, B, and C


Since A surrenders 3/10 of his share, his new share would be:


  • 3/10 x 3/6 = 9/60

  • Previous share of A was 3/6

  • Therefore, A's new share would be 3/6 - 9/60 = 21/60



Similarly, B surrenders 1/10 of his share, his new share would be:


  • 1/10 x 2/6 = 2/60

  • Previous share of B was 2/6

  • Therefore, B's new share would be 2/6 - 2/60 = 10/60



Since D acquires 1/4 of his share from C:


  • C's new share would be 1/4 x 1/3 = 1/12

  • Previous share of C was 1/3

  • Therefore, C's new share would be 1/3 - 1/12 = 1/4



Step 2: Calculate the Total Share of the Partners


The total share of the partners after the admission of D would be:


  • 21/60 + 10/60 + 1/4 + D's share = 1

  • 52/60 + D's share = 1

  • D's share = 8/60



Step 3: Calculate the New Profit Sharing Ratio


The new profit sharing ratio would be:


  • A's share: 21/60 = 7/20

  • B's share: 10/60 = 1/6

  • C's share: 1/4 = 15/60

  • D's share: 8/60


Therefore, the new profit sharing ratio would be 7:5:3:4.
Community Answer
A , B and C are partners in a firm, sharing profits in the ratio of 3:...
2:1:1
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A , B and C are partners in a firm, sharing profits in the ratio of 3:2:1. D is admitted as a new partner. D acquires 1/4 of his share from C and A surrenders 3/10 of his share and B surrenders 1/10 of his share. Calculate New profit sharing ratio.?
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A , B and C are partners in a firm, sharing profits in the ratio of 3:2:1. D is admitted as a new partner. D acquires 1/4 of his share from C and A surrenders 3/10 of his share and B surrenders 1/10 of his share. Calculate New profit sharing ratio.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A , B and C are partners in a firm, sharing profits in the ratio of 3:2:1. D is admitted as a new partner. D acquires 1/4 of his share from C and A surrenders 3/10 of his share and B surrenders 1/10 of his share. Calculate New profit sharing ratio.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A , B and C are partners in a firm, sharing profits in the ratio of 3:2:1. D is admitted as a new partner. D acquires 1/4 of his share from C and A surrenders 3/10 of his share and B surrenders 1/10 of his share. Calculate New profit sharing ratio.?.
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