Home
Class 12
ACCOUNTS
A and B are partners sharing profits in ...

A and B are partners sharing profits in the ratio of 11 : 4. C was admitted. A surrendered `(1)/(11)`th of his share and `B(1)/(4)` of his share in favour of C. The sacrificing ratio will be :

A

`11 : 4`

B

`1 : 1`

C

`4 : 11`

D

`7 : 4`

Text Solution

Verified by Experts

The correct Answer is:
B
Promotional Banner

Topper's Solved these Questions

  • ADMISSION OF A PARTNER

    DK GOEL|Exercise MCQ Treatment of Goodwill :|38 Videos

  • ADMISSION OF A PARTNER

    DK GOEL|Exercise MCQ Calculation of New Profit Sharing Ratios :|14 Videos

  • ACCOUNTING TREATMENT OF GOODWILL

    DK GOEL|Exercise ILLUSTRATION 6.|1 Videos

  • CASH FLOW STATEMENT

    DK GOEL|Exercise MULTIPLE CHOICE QUESTIONS (SELECT THE BEST ALTERNATE):|44 Videos

Similar Questions

Explore conceptually related problems

A and B are partners sharing profits in the ratio of 5 : 3. A surrenders (1)/(4) th of his share and B surrenders (1)/(5) of his share in favour of C, a new partner. What is the sacrificing ratio?

A and B are partners sharing profit or loss in the ratio of 4 : 1 . A surrenders 1/4 of his share and B surrenders 1/2 of his share in favour of C, a new partner. What will be the C's share ?

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 1/5th of his share and B surrender 2/5th of his share in favour of C. For the purpose of C's admission, goodwill of the firm is valued at RS 75,000 and C bring his share of goodwill in cash which is retained in the firm's books. Journalise the above transactions.

(Old Partners Sacrifice Fraction of their Shares in Favour of New Partner). A and B are partners in a firm sharing profits and losses in the ration of 3:2 A surrenders (1)/(5)th of his share, whereas B surrenders (2)/(5)th of his share in favour of C, the new partner. Calculate new profit-sharing ratio.

Find New Profit-sharing Ratio: (i) R and T are partners in a firm sharign profits in the ratio of 3 : 2. S joins the firm. R surrenders 1/4th of his share and T 1/5th of his share in favour of S. (ii) A and B are partners. They admit C for 1/4th share. In future, the ratio between A and B would be 2 : 1. (iii) A and B are partners sharing profits and losses in the ratio of 3 : 2. They admit C for 1/5th share in the profit. C aquires 1/5th of his share from A and B 4/5th share from B. (iv) X,Y and Z are partners in the ratio of 3 : 2 : 1. W joins the firm as a new partner for 1/6th share in profits. Z would retain his original share. (v) A and B are equal partners. They admit C and D as partners with 1/5th and 1/6th share respectively. (vi) A and B are partners sharing profits/losses in the ratio of 3 : 2. C is admitted for 1/4th share. A and B decide to share equally in future.

A and B are partners in a firm sharing profits in the ratio of 2 : 1. C is admitted as a partner. A and B surrender (1)/(2) of their respective share in favour of C. C is to bring his share of premium for goodwill in cash. The goodwill of the firm is estimated at Rs.60,000. Credit will be given to :

A and B share profits in the ratio of 2 : 1. C is admitted with 1/4 share in profits. C acquires 3/4 of his share from A and 1/4 of his share from B. The new ratio will be:

A and B are partners sharing profits and losses in the ratio of 5 : 4. C is admitted for (1)/(5) th share. A and B decide to share equality in future. Sacrificing ratio will be :

(Old Partners sacrifice Fraction of their Shares in Favour of New Partner). A and B are partners in a firm sharing profits and losses in the ration of 5 : 3. A surrenders 1/20th of this share, whereas B surrenders 1/24th of his share in favour of C, a new partner. Calculate new profit-sharing ration and the sacrificing 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 :