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Sacrificing Ratio:...

Sacrificing Ratio:

A

New Ratio- Old Ratio

B

Old Ratio- New Ratio

C

Old Ratio- Gaining Ratio

D

Gaining Ratio-Old Ratio

Text Solution

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The correct Answer is:
B
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A and B are partners profits and losses in the ratio of 5 : 3. On admission, C brings Rs.70,000 as cash and Rs.43,000 against Goodwill. New profit ratio between A, B and C is 7 : 5 : 4. The sacrificing ratio of A and B is:

Rohit and Mohit are partners in a firm sharing profits in the ratio of 5:3. They admit Bijoy as a new partner for 1/7 share in the profit. The new profit sharing ratio will be 4:2:1. Calculate the sacrificing ratio of Rohit and Mohit.

A and B were partners in a firm sahring profits and losses in the ratio of 3 : 2. they admitted C as a new partner for 3/7th share in the profit and the new profit-sharing ratio will be 2 : 2 : 3. C brought RS.2,00,000 as his capital and RS.1,50,000 as premium for goodwill. Half of their share of premium was withdrawn by A and B from the firm. Calculate sacrificing ratio and pass necessary Journal entries for the above transactions in the books of the firm.

DK GOEL-CHANGE IN PROFIT SHARING RATIO AMONG THE EXISTING PARTNERS -HOTS
  1. Sacrificing Ratio:

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  2. The excess amount which the firm can get on selling its assets over an...

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  3. Which of the following is NOT true in relation to goodwill?

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  4. When Goodwill is not purchased goodwill account can :

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  5. The goodwill of the firm is NOT affected by:

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  6. Capial employed by a partnership firm is Rs.5,00,000. Its average pro...

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  7. Weighted average method of calculating goodwill is used when:

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  8. The profits earned by a business over the last 5 years are as follows:...

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  9. The average profit of a business over the last five years amounted to ...

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  10. Under the capitalisation method the formula for calculating the goodwi...

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  11. The net assets of a firm including fictitious assets of Rs 5,000 are ...

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  12. Total Capial employed in the firm is Rs8,00,000, reasonable rate of re...

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  13. The average capital employed of a firm is Rs 4,00,000 and the normal ...

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  14. A firm earn Rs 1,10,000. The normal rate of return is 10%. The assets...

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  15. Capital invested in a firm is Rs 5,00,000. Normal rte of return is 10%...

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  16. P and Q were partners sharing profits and losses in the ratio of 3:2. ...

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  17. A, B and C partners sharing profits in the ratio of 4:3:2 decided to...

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  18. A, B and C were partners sharing profits and losses in the ratio of 7:...

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  19. P, Q and R were partners in a firm sharing profits in 5:3:2 ratio. The...

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  20. A, B and C are partners in a firm sharing profits in the tatio of 3:4:...

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  21. A, B and C are partner sharing profits in the ratio of 1:2:3. On 1-4-2...

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