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Selvam and Senthil are partners sharing profit in the ratio of 2:3. Siva is admitted into the firm with 1/5 share of profit. Siva acquires equally from Selvam and Senthil. Calculate the new profit sharing ratio and sacrificing ratio. |
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Answer» New Profit Sharing Ratio : Siva's sharre = 1/5 x 1/2 = 1/10 Selvam's share = 2/5 - 1/10 = (4 - 1)/10 = 3/10 Senthil's share = 3/5 - 1/10 = (6 - 1)/10 = 5/10 Siva's share = 1/10 + 1/10 = 2/10 New Profit sharing Ratio = 3 : 5 : 2 Sacrificing Ratio = 1 : 1 |
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