Q.19. A and B are partners sharing profits in the ratio of 2:1. C is admitted into the firm for 1/4

Q: What is the correct answer for CUET UG Accountancy Q19?

The correct answer is A. Old profit-sharing ratio (A : B) = 2 : 1. C is admitted for 1/4 share, so remaining share for A and B = 1 − 1/4 = 3/4. A and B will share this 3/4 in their old ratio of 2 : 1. → A's new share = (2/3) × (3/4) = 6/12. → B's new share = (1/3) × (3/4) = 3/12. → C's share = 1/4 = 3/12. Now the new ratio (A: B: C) = 6: 3: 3 → simplify by dividing by 1.5 gives 6: 3: 2. New Profit-Sharing Ratio = 6: 3:2.

Q: Q.19. A and B are partners sharing profits in the ratio of 2:1. C is admitted into the firm for 1/4 share of profits. C brings in Rs. 20,000 in respect of his capital. The capitals of old partners A…

The correct answer is A. Old profit-sharing ratio (A : B) = 2 : 1. C is admitted for 1/4 share, so remaining share for A and B = 1 − 1/4 = 3/4. A and B will share this 3/4 in their old ratio of 2 : 1. → A's new share = (2/3) × (3/4) = 6/12. → B's new share = (1/3) × (3/4) = 3/12. → C's share = 1/4 = 3/12. Now the new ratio (A: B: C) = 6: 3: 3 → simplify by dividing by 1.5 gives 6: 3: 2. New Profit-Sharing Ratio = 6: 3:2.

Q: What are the options for this CUET UG Accountancy question?

A. 6:3:2 · B. 2:1:1 · C. 2:1:2 · D. 1:2:1

Question

Q.19. A and B are partners sharing profits in the ratio of 2:1. C is admitted into the firm for 1/4 share of profits. C brings in Rs. 20,000 in respect of his capital. The capitals of old partners A and B, after all adjustments relating to goodwill, revaluation of assets and liabilities, etc, are Rs. 45.000 and Rs, 15.000 respectively, It is agreed that partners' capitals should be according to the new profit sharing ratio. Determine the new profit sharing ratio

FirstInTest · Accepted Answer

Old profit-sharing ratio (A : B) = 2 : 1. C is admitted for 1/4 share, so remaining share for A and B = 1 − 1/4 = 3/4. A and B will share this 3/4 in their old ratio of 2 : 1. → A's new share = (2/3) × (3/4) = 6/12. → B's new share = (1/3) × (3/4) = 3/12. → C's share = 1/4 = 3/12. Now the new ratio (A: B: C) = 6: 3: 3 → simplify by dividing by 1.5 gives 6: 3: 2. New Profit-Sharing Ratio = 6: 3:2.

Answer

6:3:2

Answer

2:1:1

Answer

2:1:2

Answer

1:2:1

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