A, B and C are partners sharing profits in the ratio of 3:2:1. D is admitted into firm for 1/4 th share of profit, which he gets 1/8 from A and 1/8 from B. Calculate new profit sharing ratio of all the partners. Option 1: 1:1:1:1 Option 2: 9:5:4:6 Option 3: 9:4:5:6 Option 4: 9:5:6:4

Answer: 9:5:4:6. Solution: A's new share = 3/6 - 1/8 = (12-3)/24 = 9/24. B's new share = 2/6 - 1/8 = (8-3)/24 = 5/24. C's share = 1/6 = 4/24. D's share = 1/4 = 6/24. New ratio = 9:5:4:6.

Partnership

Admission

Medium

A, B and C are partners sharing profits in the ratio of 3:2:1. D is admitted into firm for $\frac{1}{4}$ th share of profit, which he gets $\frac{1}{8}$ from A and $\frac{1}{8}$ from B. Calculate new profit sharing ratio of all the partners.

1:1:1:1

9:5:4:6

9:4:5:6

9:5:6:4

✅ Correct Option: 2

A's new share = $\frac{3}{6} - \frac{1}{8} = \frac{12-3}{24} = \frac{9}{24}$ .

B's new share = $\frac{2}{6} - \frac{1}{8} = \frac{8-3}{24} = \frac{5}{24}$ .

C's share = $\frac{1}{6} = \frac{4}{24}$ .

D's share = $\frac{1}{4} = \frac{6}{24}$ .

New ratio = 9:5:4:6.

2022: 20 Aug Shift 2

The new profit sharing ratio of Arun, Ram and Sanjeev will be:

2025: 3 June Shift 1

Arrange the following steps which involve the Super Profits Method of valuation of goodwill in the correct sequence:

(A) Calculate the average profit.

(B) Calculate the normal profit on the firm's capital on the basis of the normal rate of return.

(D) Calculate the super profits by deducting normal profit from the average profits.

Choose the correct answer from the options given below:

2026: 6 June Shift 1

Abhay and Sumant are partners sharing profit in the ratio of 2:1. Aakriti was admitted for 1/4 share, half of which was given by Abhay and the remaining was contributed by Sumant. The goodwill of the firm is valued at Rs. 40,000. How much of the goodwill will be credited to the old partner's capital account?

2025: 24 May Shift 1

Arjun and Vaibhav are partners sharing profits in the ratio of 3:2. They admitted Rahul as a new partner for 1/5 share in the future profits of the firm. The new partner acquired his share from the old partners in the old ratio. Calculate the new profit sharing ratio of Arjun, Vaibhav and Rahul.

2026: 24 May Shift 1

Ramesh and Lakshay are partners in a firm sharing profits in the ratio of 3:2. Their capitals were Rs. 90,000 and Rs. 70,000 respectively. They admitted Somesh on April. 1, 2025 as a new partner for 1/5 share in the future profits. Somesh brought Rs. 90,000 as his capital. Calculate the value of goodwill of the firm and Somesh's share of goodwill.

2022: 20 July Shift 1

Provision for Doubtful debts to be shown in Revaluation Account :

A, B and C are partners sharing profits in the ratio of 3:2:1. D is admitted into firm for 14\frac{1}{4}41​ th share of profit, which he gets 18\frac{1}{8}81​ from A and 18\frac{1}{8}81​ from B. Calculate new profit sharing ratio of all the partners.

Solution

Related questions:

Keyboard Shortcuts

CUET Accountancy Past Year Questions (Topic-Wise)

A, B and C are partners sharing profits in the ratio of 3:2:1. D is admitted into firm for $\frac{1}{4}$ th share of profit, which he gets $\frac{1}{8}$ from A and $\frac{1}{8}$ from B. Calculate new profit sharing ratio of all the partners.