Home
Class 12
ACCOUNTS
A, B and C were partners in a firm shari...

A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admited D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. Calculate the new profit-sharing ratio of A, B, C and D.

Text Solution

Verified by Experts

New profit-sharing Ratio -24 : 13 : 5 : 6.
Promotional Banner

Topper's Solved these Questions

  • Admission of a Partner

    TS GREWAL|Exercise VERY SHORT ANSWER QUESTIONS|33 Videos
  • ACCOUNTING RATIOS

    TS GREWAL|Exercise Exercise|147 Videos
  • CASH FLOW STATEMENT

    TS GREWAL|Exercise CASH FLOW FROM INVESTING ACTIVITES|1 Videos

Similar Questions

Explore conceptually related problems

B and N are partners in a firm sharing profits in the ratio of 3 : 2. They admit S as a partner for 1/4th share in the profits. S acquires his share from B and N in the ratio of 2 : 1. The new profit-sharing ratio will be :

Bharati and Astha were partners sharing profits in the ratio of 3 : 2. They admitted Dinkar as a new partner for 1/5th share in the future profits of the firm which he got equally from Bharati and Astha. Calculate the new profit-sharing ratio of Bharati, Astha and Dinkar.

Das and Sinha are partners in a firm sharing profits in 4:1 ratio. They admitted Pal as a new partner for 1/4 share in the profits, which he acquired wholly from Das. Determine the new profit sharing ratio of the partners.

Anshu and Nitu are partners sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3//10 share which she acquired 2//10 from Anshu and 1//10 from Nitu. Calculate the new profit sharing ratio of Anshu, Nitu and Jyoti.

X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4th share in profit. Z acquired his share from X and Y in the ratio of 2 : 1. Calculate new profit-sharing ratio.

TS GREWAL-Admission of a Partner-EXERCISE
  1. Ravi and Mukesh are sharing profits in the ratio of 7 : 3. They admit...

    Text Solution

    |

  2. A and B are partners sharing and losses in the porportion of 7 : 5. Th...

    Text Solution

    |

  3. A, B and C were partners in a firm sharing profits in the ratio of 3 :...

    Text Solution

    |

  4. Bharati and Astha were partners sharing profits in the ratio of 3 : 2....

    Text Solution

    |

  5. X and Y are partners in a firm sharing profits and losses in the ratio...

    Text Solution

    |

  6. R and S are partners sharing profits in the ratio of 5 : 3. T joins th...

    Text Solution

    |

  7. Kabir and Farid are partners in a firm sharing profits and losses in t...

    Text Solution

    |

  8. Find New Profit-sharing Ratio: (i) R and T are partners in a firm sh...

    Text Solution

    |

  9. X and Y are partners sharing profits in the ratio of 3 : 2. They admit...

    Text Solution

    |

  10. Rakesh and Suresh are sharing profits in the ratio of 4 : 3. Zaheer jo...

    Text Solution

    |

  11. A and B are partners sharing profits in the ratio of 3 : 2. C is admi...

    Text Solution

    |

  12. A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. D i...

    Text Solution

    |

  13. A, B, C and D are in partnership sharing profits and losses in the rat...

    Text Solution

    |

  14. X and Y are partners sharing profits and losses in the of 3 : 2. They ...

    Text Solution

    |

  15. A, B and C are partners sharing profits in the ratio of 2 : 2 : 1, D i...

    Text Solution

    |

  16. A and B are in partnership sharing profits and losses as 3 : 2. C is a...

    Text Solution

    |

  17. P and Q are partners sharing profits in the ratio of 3 : 2. They admit...

    Text Solution

    |

  18. A and B are partners sharing profits and losses in the ratio of 2 : 1....

    Text Solution

    |

  19. A and B are partners sharing profits and losses in the ratio of 2 : 5....

    Text Solution

    |

  20. A and B are partners in a firm sharing profits and losses in the rati...

    Text Solution

    |