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Sacrificing Ratio:...

Sacrificing Ratio:

A

New share - Old share

B

Old share - New share

C

Gaining Ratio - Old Ratio

D

Old Ratio - Gaining Ratio

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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.

Knowledge Check

  • Statement: it is almost impossible to survive and prosper in this world without sacrificing ethics and morality Conclusion: World appreciates some concepts but may not uphold it. Concept of ethics and morality are not practicable in life.

    A
    if only conclusion I follows
    B
    if only conclusion II follows
    C
    if either I or II follows
    D
    if neither I nor II follows

    • Similar Questions

    Explore conceptually related problems

    A, B and C are partners sharing profits and losses in the ratio of 5:4:1. Calculate new profit-sharing ratio, sacrificing ratio and gaining ratio in each of the following cases: Case 1. C acquires 1//5th share from A Case 2. C acquires 1//5th share equally from A and 8. Case 3. A, B and C will share future profits and losses equally. Case 4. C acquires 1//10th share of A and 1//2 share of B.

    (a) Rohan and Mohan are partners in a firm sharing profits in the ratio of 5:3 Respectively. They admit Bhim as a partner for 1/7 share in thr profit. The new profit-sharing ratio will be 4:2:1. Calculate sacrificing ratio of Rohan and Mohan (b) Amla and Kamla are partners in a firm sharing profits in the ratio fo 4:1 respectively. They admitted Bimal as a new partner for 1/4 share in the profit, which she acquired wholly form Amla. Determine new profit-sharing ratio of partners.

    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 Half of their share of premium was withdrawn by A and B from the firm.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.

    X,Y and Z are partners sharing profits in the raito of 5 :3:2. Calculate new profit -sharing ratio, sacrificing ratio, gaining ratio in each of the following cases: Case 1. If Z acquires 1//5th share from X. Case 2. If Z acquires 1//5th share equally from X and Y. Case 3. If X,Y and Z decide to share equally form X and Y. Case 4. If Z acquire 1//5th share of X and 1//6th Share of Y.

    What is meant by Sacrificing Partners ?

    I am no more virtuous or self-sacrificing than the next man, but I found that I could not even enjoy the poor and limited freedoms I was allowed when I knew my people were not free. Freedom is indivisible, the chains on anyone of my people were the chains on all of them, the chains on all of my people were the chains on me. How did Mandela not consider himself more virtuous or self-sacrificing than the next man?

    Fill in the blanks with appropriate words: (i) If the partners of a firm decided to change their profit -sharing ratio, the gaining partner compensates the sacrificing partner by paying the proportionate amount of _________ (ii) Change in relationship among the partners is ________ of the partnership firm. (iii) Revalution of assets on the reconstitution of partnership is necessary because their present value may be different from their_________ (iv) A change in profit -sharing ratio among the existing partners results in _________ of the partnership firm. (v) Revalution Account is a _________ Account. (vi) Workmen Compensation Reserve is a reserve created out of profit to meet the _________. (vii) The ratio in which all the partners share future profits and losses is known as_________

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