Partnership

Admission

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Anshu and Nitu are partners sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share which she acquired 2/10 from Anshu and 1/10 from Nitu. The new profit sharing ratio of Anshu, Nitu and Jyoti.

4 : 3 : 3

4 : 3 : 5

3 : 4: 3

2 : 7 : 3

✅ Correct Option: 1

Old Ratio of Anshu and Nitu = 3:2

Converting to fractions:

Anshu's share = $\frac{3}{5}$
Nitu's share = $\frac{2}{5}$

Jyoti acquires $\frac{3}{10}$ share by taking:

$\frac{2}{10}$ from Anshu
$\frac{1}{10}$ from Nitu

Calculating New Shares:

Anshu's new share = $\frac{3}{5} - \frac{2}{10} = \frac{6}{10} - \frac{2}{10} = \frac{4}{10}$

Nitu's new share = $\frac{2}{5} - \frac{1}{10} = \frac{4}{10} - \frac{1}{10} = \frac{3}{10}$

Jyoti's share = $\frac{3}{10}$

New Profit Sharing Ratio = $\frac{4}{10} : \frac{3}{10} : \frac{3}{10}$ = 4 : 3 : 3

The answer is Option 1.

2026: 11 May Shift 2

At the time of admission of a new partner, general reserve appearing in the old balance sheet is transferred to:

2024

Kavita and Lalita are partners, sharing profits in the ratio of 2:1. They decide to admit Mohan for 1/4th share in profits with a guaranteed amount of ₹ 25,000. Both Kavita and Lalita undertake to meet the liability arising due to the guaranteed amount to Mohan in their respective profit sharing ratio. The firm earned profits of ₹ 76,000 for the year 2022-23. The deficiency borne by Kavita is:

2025: 2 June Shift 2

Match List-I with List-II

List-I	List-II
(Types of goodwill)	(Treatment to done.)
(a) Existing Goodwill.	(I) no entry passed.
(B) Goodwill premium	(II) inferred from the capital arrangement.
(C) Goodwill paid privately.	(III) Written off.
(D) Hidden goodwill	(IV) credited to sacrificing partner.

Choose the correct answer from the options given below:

2026: 21 May Shift 1

A newly admitted partner acquires two main rights in the firm. Which of the following right is included in them?

2025: 26 May Shift 2

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

2026: 24 May Shift 1

Sometimes, at the time of admission, the partners agree that their capitals should also be adjusted so as to be proportionate to their profit sharing ratio (if the capital of the new partner is not given). Arrange the following steps in a correct sequence.

(A) Ascertain combined capital of old partners after all adjustments like interest on capital, salary etc.

(B) Ascertain new capital of all partners

(D) Ascertain total capital of the firm on the basis of combined capital of old partners

Choose the correct answer from the options given below:

Anshu and Nitu are partners sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share which she acquired 2/10 from Anshu and 1/10 from Nitu. The new profit sharing ratio of Anshu, Nitu and Jyoti.

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