Partnership

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Vandana and Megha are partners sharing profits in the ratio of 4:3. They admit Gurisha as a new partner for 1/10th share in the future profits of the firm which she gets equally from Vandana and Megha. Calculate new profit sharing ratio of Vandana, Megha and Gurisha.

Vandana : Megha : Gurisha 53 : 73 : 14

Vandana : Megha : Gurisha 4 : 3 : 3

Vandana : Megha : Gurisha 73 : 53 : 14

Vandana : Megha : Gurisha 14 : 53 : 73

✅ Correct Option: 3

Each sacrifices $\frac{1}{20}$ . Vandana $= \frac{4}{7}-\frac{1}{20}=\frac{80-7}{140}=\frac{73}{140}$ ; Megha $= \frac{3}{7}-\frac{1}{20}=\frac{60-7}{140}=\frac{53}{140}$ ; Gurisha $=\frac{1}{10}=\frac{14}{140}$ . New ratio $= 73:53:14$ .

2025: 3 June Shift 2

Vijay and Manohar share profits and losses in the ratio of 2:1. They admit Prakash as a partner with 1/4 share in profits with a guarantee that his share of profit will be at least Rs. 50,000. The net profit of the firm for the year ending March 31, 2015, was Rs. 1,60,000. Calculate the amount of profit Vijay will get.

2026: 13 May Shift 2

Jitesh, Kamal and Lakhan are partners, sharing profits in the ratio of 3:2:1. Farhan is admitted in the firm for 1/6th share in profits. Lakhan would retain his original share. The new profit sharing ratio between Jitesh, Kamal, Lakhan and Farhan will be:

2026: 23 May Shift 2

Match the LIST-I with LIST-II

LIST-I		LIST-II
A.	Average Profit	I. Average profit - Normal profit
B.	Super Profit	II. Super Profit x No. of Years of Purchases
C.	Super Profit Method	III. Total Profit/ No. of Years
D.	Capitalised Value	IV. Average Profit x 100/ Normal Rate of Return

Choose the correct answer from the options given below:

2026: 23 May Shift 2

Match the LIST-I with LIST-II

LIST-I		LIST-II
A.	Sacrificing ratio	I. New ratio - Old ratio
B.	Gaining ratio	II. Credit Side of Revaluation A/c
C.	Undervaluation of Stock	III. Old ratio - New ratio
D.	Overvaluation of Stock	IV. Debit Side of Revaluation A/c

Choose the correct answer from the options given below:

2025: 26 May Shift 2

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-

2026: 21 May Shift 2

"Sometimes a partner is admitted into the firm with a guarantee of a certain minimum amount by way of their share in the profits of the firm." Identify which of the following is incorrect about such assurance.

Vandana and Megha are partners sharing profits in the ratio of 4:3. They admit Gurisha as a new partner for 1/10th share in the future profits of the firm which she gets equally from Vandana and Megha. Calculate new profit sharing ratio of Vandana, Megha and Gurisha.

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