Partnership

Admission

Easy

common

A and B are partners sharing profits in the ratio of 2:3. They admitted C as a new partner for 1/5 share in the future profits of the firm. Calculate the new profit share of A.

12/5

8/5

8/25

12/25

✅ Correct Option: 3

C takes $1/5$ , so the balance available to A and B is $4/5$ , shared in the old ratio $2:3$ .

A's new share $= 4/5 \times 2/5 = 8/25$ .

2023: 28 May Shift 1

While calculating Goodwill under super profit method, the sequence followed is :

(A) Calculation of Super profit

(B) Calculation of Capital Employed

(D) Calculation of Average profit

(E) Calculation of Goodwill

Choose the correct answer from the options given below :

2025: 16 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Accumulated Profits/Losses	(I) New Ratio
(B) Share of goodwill at the time of admission of a partner	(II) Gaining Ratio
(C) Division of profits after admission of a partner	(III) Old Ratio
(D) Share of goodwill at the time of retirement/death of a partner	(IV) Sacrificing Ratio

Choose the correct answer from the options given below:

2026: 23 May Shift 2

The amount of premium for goodwill brought in by the new partner is shared by the existing partners in their:

2025: 14 May Shift 1

The New Profit Sharing Ratio in this case is:

2025: 14 May Shift 2

Determine the value of firm's goodwill by capitalization of the super profit method if the average profits are Rs 1,00,000, super profits are Rs 18,000 and the normal rate of return is 10%.

2026: 13 May Shift 2

Kishor and Kunal were partners sharing profits and losses in the ratio of 5:3. On 1st April, 2026 they admitted Kushagra as a new partner and new ratio was decided as 3:2:1. Goodwill of the firm was valued as ₹ 18,00,000. Kushagra couldn't bring any amount for goodwill. The journal entry for the same would be:

A and B are partners sharing profits in the ratio of 2:3. They admitted C as a new partner for 1/5 share in the future profits of the firm. Calculate the new profit share of A.

Solution

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