Commerce Exam > Commerce Questions > Akshay and bharatiyon are partners profits in...
Start Learning for Free
Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh.
?
Most Upvoted Answer
Akshay and bharatiyon are partners profits in the ratio of 3:2. They a...
Reconstitution of a Partnership Firm: Admission of a Partner
Introduction:
Reconstitution of a partnership firm refers to any change in the partnership agreement which may occur due to the admission, retirement, or death of a partner. Admission of a partner refers to the process of adding a new partner to an existing partnership firm.
Given Problem:
Akshay and Bharatiyon are partners with profits in the ratio of 3:2. They admit Dinesh as a new partner for a 1/5th share on the future profits of the firm, which he gets equally from Akshay and Bharti. Calculate the new profit-sharing ratio of Akshay, Bharati, and Dinesh.
Solution:
The first step in solving the problem is to calculate the new profit-sharing ratio of the partners after the admission of Dinesh.
Calculation of New Profit Sharing Ratio:
Let the total profit of the firm be 'X'.
Akshay's profit share = 3X/5
Bharati's profit share = 2X/5
Dinesh's profit share = X/5
As per the problem, Dinesh gets an equal share from Akshay and Bharati. Therefore,
Dinesh's share from Akshay = 1/2 * X/5 = X/10
Dinesh's share from Bharati = 1/2 * X/5 = X/10
Thus, the new profit-sharing ratio of the partners will be:
Akshay: Bharati: Dinesh = (3X/5 - X/10):(2X/5 - X/10):(X/5)
= 27:18:10
Therefore, the new profit-sharing ratio of Akshay, Bharati, and Dinesh will be 27:18:10.
Conclusion:
In conclusion, the admission of a new partner may result in a change in the profit-sharing ratio of the existing partners. The new ratio is calculated based on the new share of profits of the new partner and the existing partners. A clear understanding of the rules and calculations involved is necessary for solving problems related to the admission of a partner in a partnership firm.
Introduction:
Reconstitution of a partnership firm refers to any change in the partnership agreement which may occur due to the admission, retirement, or death of a partner. Admission of a partner refers to the process of adding a new partner to an existing partnership firm.
Given Problem:
Akshay and Bharatiyon are partners with profits in the ratio of 3:2. They admit Dinesh as a new partner for a 1/5th share on the future profits of the firm, which he gets equally from Akshay and Bharti. Calculate the new profit-sharing ratio of Akshay, Bharati, and Dinesh.
Solution:
The first step in solving the problem is to calculate the new profit-sharing ratio of the partners after the admission of Dinesh.
Calculation of New Profit Sharing Ratio:
Let the total profit of the firm be 'X'.
Akshay's profit share = 3X/5
Bharati's profit share = 2X/5
Dinesh's profit share = X/5
As per the problem, Dinesh gets an equal share from Akshay and Bharati. Therefore,
Dinesh's share from Akshay = 1/2 * X/5 = X/10
Dinesh's share from Bharati = 1/2 * X/5 = X/10
Thus, the new profit-sharing ratio of the partners will be:
Akshay: Bharati: Dinesh = (3X/5 - X/10):(2X/5 - X/10):(X/5)
= 27:18:10
Therefore, the new profit-sharing ratio of Akshay, Bharati, and Dinesh will be 27:18:10.
Conclusion:
In conclusion, the admission of a new partner may result in a change in the profit-sharing ratio of the existing partners. The new ratio is calculated based on the new share of profits of the new partner and the existing partners. A clear understanding of the rules and calculations involved is necessary for solving problems related to the admission of a partner in a partnership firm.
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
Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner?
Question Description
Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner?.
Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner?.
Solutions for Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner? 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 Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner? defined & explained in the simplest way possible. Besides giving the explanation of
Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner?, a detailed solution for Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner? has been provided alongside types of Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner? theory, EduRev gives you an
ample number of questions to practice Akshay and bharatiyon are partners profits in the ratio of 3:2. They admit Dinesh as a new partner for 1/5th share on the future profits of the firm which he gets equally from akshay and bharti. calculate new profit-sharing ratio of akshay, bharatiand dinesh. Related: Key Notes - Reconstitution of a Partnership Firm : Admission of a Partner? 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
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup