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A, B ,and C are partners in a firm sharing profit and losses in the ratio of 8:7:5. D is admitted for 1/4th share . A surrenders 1/4th of his share of profit in the favour of D . B and C agreed to share future profit in the ratio 3:2 .calculate new profit sharing ratio and sacrificing ratio ?
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A, B ,and C are partners in a firm sharing profit and losses in the ra...
Solution:
Given data:
- Partnership ratio of A, B, and C = 8:7:5
- D is admitted for 1/4th share
- A surrenders 1/4th of his share of profit in favour of D
- B and C agreed to share future profit in the ratio 3:2
Step 1: Find the new partnership ratio after D's admission
- Let the new share of D be x
- Then, the new partnership ratio becomes (8+7+5+x) : (x)
- 20+x : x
- Simplifying, we get 20:x = 80:1
- x = 1
- Hence, D's new share is 1.
Step 2: Find the sacrificing ratio of A
- A surrenders 1/4th of his share in favour of D
- A's new share = 8 - 1/4(8) = 6
- A's sacrificing ratio = 1/4(8) = 2
Step 3: Find the new profit sharing ratio of B and C
- Let the new profit be P
- B's share = 3/(3+2) * (P - D's share)
- C's share = 2/(3+2) * (P - D's share)
- Simplifying, we get B's share = 3/5(P-1) and C's share = 2/5(P-1)
- Hence, the new profit sharing ratio of B and C is 3/5 : 2/5
Step 4: Find the new partnership ratio and sacrificing ratio
- The new partnership ratio becomes 6:7:5:1
- The new sacrificing ratio of A is 2:1
Conclusion:
- The new profit sharing ratio of B and C is 3/5 : 2/5
- The new partnership ratio is 6:7:5:1
- The new sacrificing ratio of A is 2:1
Given data:
- Partnership ratio of A, B, and C = 8:7:5
- D is admitted for 1/4th share
- A surrenders 1/4th of his share of profit in favour of D
- B and C agreed to share future profit in the ratio 3:2
Step 1: Find the new partnership ratio after D's admission
- Let the new share of D be x
- Then, the new partnership ratio becomes (8+7+5+x) : (x)
- 20+x : x
- Simplifying, we get 20:x = 80:1
- x = 1
- Hence, D's new share is 1.
Step 2: Find the sacrificing ratio of A
- A surrenders 1/4th of his share in favour of D
- A's new share = 8 - 1/4(8) = 6
- A's sacrificing ratio = 1/4(8) = 2
Step 3: Find the new profit sharing ratio of B and C
- Let the new profit be P
- B's share = 3/(3+2) * (P - D's share)
- C's share = 2/(3+2) * (P - D's share)
- Simplifying, we get B's share = 3/5(P-1) and C's share = 2/5(P-1)
- Hence, the new profit sharing ratio of B and C is 3/5 : 2/5
Step 4: Find the new partnership ratio and sacrificing ratio
- The new partnership ratio becomes 6:7:5:1
- The new sacrificing ratio of A is 2:1
Conclusion:
- The new profit sharing ratio of B and C is 3/5 : 2/5
- The new partnership ratio is 6:7:5:1
- The new sacrificing ratio of A is 2:1
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A, B ,and C are partners in a firm sharing profit and losses in the ra...
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A, B ,and C are partners in a firm sharing profit and losses in the ratio of 8:7:5. D is admitted for 1/4th share . A surrenders 1/4th of his share of profit in the favour of D . B and C agreed to share future profit in the ratio 3:2 .calculate new profit sharing ratio and sacrificing ratio ?
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A, B ,and C are partners in a firm sharing profit and losses in the ratio of 8:7:5. D is admitted for 1/4th share . A surrenders 1/4th of his share of profit in the favour of D . B and C agreed to share future profit in the ratio 3:2 .calculate new profit sharing ratio and sacrificing 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 profit and losses in the ratio of 8:7:5. D is admitted for 1/4th share . A surrenders 1/4th of his share of profit in the favour of D . B and C agreed to share future profit in the ratio 3:2 .calculate new profit sharing ratio and sacrificing 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 profit and losses in the ratio of 8:7:5. D is admitted for 1/4th share . A surrenders 1/4th of his share of profit in the favour of D . B and C agreed to share future profit in the ratio 3:2 .calculate new profit sharing ratio and sacrificing ratio ?.
A, B ,and C are partners in a firm sharing profit and losses in the ratio of 8:7:5. D is admitted for 1/4th share . A surrenders 1/4th of his share of profit in the favour of D . B and C agreed to share future profit in the ratio 3:2 .calculate new profit sharing ratio and sacrificing 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 profit and losses in the ratio of 8:7:5. D is admitted for 1/4th share . A surrenders 1/4th of his share of profit in the favour of D . B and C agreed to share future profit in the ratio 3:2 .calculate new profit sharing ratio and sacrificing 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 profit and losses in the ratio of 8:7:5. D is admitted for 1/4th share . A surrenders 1/4th of his share of profit in the favour of D . B and C agreed to share future profit in the ratio 3:2 .calculate new profit sharing ratio and sacrificing ratio ?.
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A, B ,and C are partners in a firm sharing profit and losses in the ratio of 8:7:5. D is admitted for 1/4th share . A surrenders 1/4th of his share of profit in the favour of D . B and C agreed to share future profit in the ratio 3:2 .calculate new profit sharing ratio and sacrificing ratio ?, a detailed solution for A, B ,and C are partners in a firm sharing profit and losses in the ratio of 8:7:5. D is admitted for 1/4th share . A surrenders 1/4th of his share of profit in the favour of D . B and C agreed to share future profit in the ratio 3:2 .calculate new profit sharing ratio and sacrificing ratio ? has been provided alongside types of A, B ,and C are partners in a firm sharing profit and losses in the ratio of 8:7:5. D is admitted for 1/4th share . A surrenders 1/4th of his share of profit in the favour of D . B and C agreed to share future profit in the ratio 3:2 .calculate new profit sharing ratio and sacrificing ratio ? theory, EduRev gives you an
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