Partnership

Admission

Medium

common

Das and Sinha are partners in a firm sharing profits in 4:1 ratio. They admitted Pal as a new partner for 1/4th share in the profits, which he acquired wholly from Das. The new profit sharing ratio of the partners is-

11:4:5

11:5:4

9:4:5

7:3:5

✅ Correct Option: 1

Old Profit Sharing Ratio:

Das : Sinha = 4:1

This means:

Das's share = $\frac{4}{5}$
Sinha's share = $\frac{1}{5}$

Pal is admitted for $\frac{1}{4}$ th share, which he acquired wholly from Das.

This means only Das will sacrifice his share to Pal, while Sinha's share remains unchanged.

Das's New Share = Old Share - Sacrificed Share

Das's New Share = $\frac{4}{5} - \frac{1}{4}$

Converting to common denominator (20):

= $\frac{16}{20} - \frac{5}{20} = \frac{11}{20}$

Sinha's New Share = $\frac{1}{5} = \frac{4}{20}$ (unchanged)

Pal's Share = $\frac{1}{4} = \frac{5}{20}$

New Profit Sharing Ratio:

Das : Sinha : Pal = $\frac{11}{20} : \frac{4}{20} : \frac{5}{20}$ = 11:4:5

2025: 22 May Shift 2

While doing adjustment of partners capital, for the amount of capital to be brought in by the partner, the following entry will be passed:

2025: 30 May Shift 1

The profits for the five years of a firm are as follows – year 2013 Rs. 4,00,000;year 2014 Rs. 3,98,000; year 2015 Rs. 4,50,000; year 2016 Rs. 4,45,000 and year 2017 Rs. 5,00,000. Calculate the goodwill of the firm on the basis of a 4-year purchase of 5 years average profits:

2025: 13 May Shift 2

Super profit is -

2026: 12 May Shift 1

Amar and Bahadur are partners in a firm sharing profits in the ratio of 3:2. They admitted Mary as a new partner for 1/4 share. The new profit sharing ratio between Amar and Bahadur will be 2:1. Calculate their sacrificing ratio.

2025: 15 May Shift 2

Which of the following is not one of the method of valuation of goodwill?

2026: 31 May Shift 1

Navya and Nitya are partners sharing profits in the ratio 3 : 2, with capitals of ₹1,00,000 and ₹50,000 respectively. Hardik is admitted for a 1/5 share in profits, and is to bring in capital proportionate to his share, based on the combined capital of the firm after his admission. The amount Hardik will contribute as capital is:

Das and Sinha are partners in a firm sharing profits in 4:1 ratio. They admitted Pal as a new partner for 1/4th share in the profits, which he acquired wholly from Das. The new profit sharing ratio of the partners is-

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