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

A, B and C are partners sharing profits in ratio of 3 : 2 : 1. They agree to admit D into the firm. A, B and C agreed to give 1/3rd, 1/6th, 1/9th share of their profit. The share of profit of D will be :

A

`(1)/(10)`

B

`(11)/(54)`

C

`(12)/(54)`

D

`(13)/(54)`

Text Solution

Verified by Experts

Promotional Banner

Topper's Solved these Questions

  • ADMISSION OF A PARTNER

    DK GOEL|Exercise MCQ Calculation of Sacrificing Ratio :|8 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, B and C are the partner sharing profits in the ratio 3 : 2 : 1 , C retires . What will be the new profit - sharing ratio?

X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit A into partnership and give him 1/5th share of profits. Find the new profit-sharing ratio.

A and B are partners sharing profits and losses in the ratio of 7 : 5. They agree to admit C, their manager, into partnership who is to get 1/6th share in the profits. He acquires this share as 1/24th from A and 1/8th from B. The new profit sharing ratio will be :

A and B are partners sharing profits in the ratio of 4 : 3. They admitted C as a new partner who gets 1/5th share of profit, entirely from A. The new profit sharing ratio will be :

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.

A and B are partners sharing and losses in the porportion of 7 : 5. They agree to admit C, their manager, into partnership who is to get 1/6th share in the profits. He acquires this share as 1/2th from A and 1/8th from B. Calculate new profit-sharing ratio.

DK GOEL-ADMISSION OF A PARTNER -MCQ Treatment of Goodwill :
  1. When a new partner brings goodwill in Cash, it is credited to :

    Text Solution

    |

  2. If the incoming partner brings the amount of goodwill in Cash and also...

    Text Solution

    |

  3. If, at the time of admission, the revaluation A/c shows a profit, it s...

    Text Solution

    |

  4. Revaluation Account or Profit and Loss Adjustment A/c is a

    Text Solution

    |

  5. In case of admission of a partner, the entry for unrecorded investment...

    Text Solution

    |

  6. When the balance sheet is prepared after the new partnership agreement...

    Text Solution

    |

  7. Goodwill of a firm of A and B is valued at Rs. 30,000. Goodwill is app...

    Text Solution

    |

  8. A and B are partners of a partnership firm sharing profits in the rati...

    Text Solution

    |

  9. X and Y are partners sharing profits in the ratio 5 : 3. They admitted...

    Text Solution

    |

  10. Ramesh and Suresh are partners sharing profits in the ratio of 2 : 1 r...

    Text Solution

    |

  11. A and B are partners in a firm having a capital of ₹ 54,000 and ₹ 36,0...

    Text Solution

    |

  12. A and B are in partnership sharing profits in the ratio of 3 : 2. They...

    Text Solution

    |

  13. X and Y are partners sharing profits in the ratio of 4 : 3. Z is admit...

    Text Solution

    |

  14. A and B are partners sharing profits in the ratio of 2 : 3. Their Bala...

    Text Solution

    |

  15. A, B and C are partners sharing profits in ratio of 3 : 2 : 1. They ag...

    Text Solution

    |

  16. X and Y are partners sharing profits in the ratio 2 : 3. They admitted...

    Text Solution

    |

  17. A, B, C and D are partners. A and B share 2/3rd of profits equally and...

    Text Solution

    |

  18. Sacrificing ratio is used to distribute ………. In case of admisstion of ...

    Text Solution

    |

  19. X and Y are partners in a firm with capital of Rs.1,80,000 and Rs.2,00...

    Text Solution

    |

  20. A and B are partners profits and losses in the ratio of 5 : 3. On admi...

    Text Solution

    |