Commerce Exam > Commerce Questions > A, B ,and C are partners in a firm sharing pr...
Start Learning for Free
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 ?
Most Upvoted Answer
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
Community Answer
A, B ,and C are partners in a firm sharing profit and losses in the ra...
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
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 ?
Question Description
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 ?.
Solutions 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 ? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning 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 ? defined & explained in the simplest way possible. Besides giving the explanation 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 ?, 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
ample number of questions to practice 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 ? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup