Home
Class 12
ACCOUNTS
X and Y are partners sharing profits in ...

X and Y are partners sharing profits in the ratio of 3 : 2. They admitted P and Q as new partners. X surrendered 1/3rd of his share in favour of P and Y surrenderd 1/4th of his share in favour of Q. Calculate new profit-sharing ratio of X,Y,P and Q.

Promotional Banner

Similar Questions

Explore conceptually related problems

Radha and Rukmani are partners in a firm sharing profits in 3:2 ratio. They admitted Gopi as a new partner. Radha surrendered 1//3 of her share in favour of Gopi and Rukmani surrendered 1//4 of her share in favour of Gopi. Calculate new profit sharing ratio?

Ram and Shyam are partners in a firm sharing profits in the ratio of 3:2. They admit Ghanshyam as a new partner. Ram surrenders 1//4 of his share and Shyam 1//3 of his share in favour of Ghanshyam. Calculate new profit sharing ratio of Ram. Shyam and Ghanshyam.

Singh, Gupta and Khan are partners in a firm sharing profits in 3:2:3 ratio. They admitted Jain as a new partner. Singh surrendered 1//3 of his share in favour of Jain: Gupta surrendered 1//4 of his share in favour of Jain and Khan surrendered 1//5 in favour of Jain. Calculate new profit sharing ratio?

A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. A new partner C is admitted. A surrenders 1/15th share of his profit in favour of C and B surrenders 2/15th of his share in favour of C. The new ratio will be :

A and B are partners sharing profit in the ratio of 3 : 2. They admit C as a partner by giving him 1/3 share in future profits. The new ratio will be :

A and B are partners sharing profit or loss in the ratio of 3 : 2. C is admitted into partnership as a new partner. A sacrifices 1/3 of his share of B sacrifices 1/4 of his share in favour of C. What will be the C's share in the firm?

A and B are partners in a business sharing profits and losses in the ratio of 7 : 3 respectively. They admit C as a new partner. A sacrificed 1/7th share of his profit and B sacrificed 1/3rd of his share in favour of C. The new profit sharing ratio of A, B and C will be :

Murli, Naveen and Omprakash are partners sharing profits in the ratio of (3)/(8), (1)/(2) and (1)/(8) . Murli retires and surrenders 2/3rd of his share in favour of Naveen and the remaining share in favour of Omprakash. Calculate new profit sharing and the gaining ratio of the remaining partners.

X and Y are partners sharing profits and losses in the ratio of 3 : 2.They admit Z into the partnership, who acquires 1/4th of his share from X and 3/16th share from Y. Calculate the new profit-sharing ration and sacificing ration.