Partnership

Admission

Easy

common

Aman and Naman are partners. They admitted Jyoti as a new partner for 3/10 share which she acquired 2/10 from Aman and 1/10 from Naman. The new profit sharing ratio of Aman, Naman and Jyoti is 4:3:3. Find the old ratio between Aman and Naman.

4:5

3:2

2:1

6:5

✅ Correct Option: 2

Old share = New share + Sacrifice. Aman $= 4/10 + 2/10 = 6/10$ ; Naman $= 3/10 + 1/10 = 4/10$ . Old ratio $= 6:4 = 3:2$ .

2022: 15 July Shift 2

X and Y are partners in a firm sharing profits in the ratio of 4:1. Z is admitted in the firm for $\frac{1}{5}$ share. On the admission of Z there was a balance of Rs. 20,000 in general reserve. What would be the journal entry for distributing the reserve.

2025: 26 May Shift 2

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

2026: 20 May Shift 1

According to the Partnership Act 1932, a new partner can be admitted into the firm only with the consent of .............., unless otherwise agreed upon.

2025: 2 June Shift 2

Which is the correct statement, in respect of the Revaluation Account :-

2026: 19 May Shift 1

P, Q and S are partners in a firm sharing profit and losses in the ratio of 3:2:1. They agreed to admit R as a partner with 1/6th share in profits of the firm. The following Journal entries were passed on his admission. Arrange them in sequence

(A)

Particulars	Dr. Amount	Cr. Amount
P's Capital A/c Dr.	5,400
Q's Capital A/c Dr.	3,600
S's Capital A/c Dr.	1,800
To Goodwill A/c		10,800
(Being existing goodwill ₹ 10,800 written off in old profit sharing ratio)

(B)

Particulars	Dr. Amount	Cr. Amount
Cash A/c Dr.	64,800
To R's Capital A/c		60,000
To Premium for Goodwill A/c		4,800
(Being R brought capital ₹ 60000 and his share of goodwill Rs. 4800)

(C)

Particulars	Dr. Amount	Cr. Amount
P's Capital A/c Dr.	2,400
Q's Capital A/c Dr.	1,600
S's Capital A/c Dr.	800
To Cash A/c		4,800
(Being share of goodwill withdrawn by old partners )

(D)

Particulars	Dr. Amount	Cr. Amount
Premium for Goodwill A/c Dr.	4,800
To P's Capital A/c		2,400
To Q's Capital A/c		1,600
To S's Capital A/c		800
(Being goodwill brought by R distributed in sacrificing ratio)

Find the correct sequence :

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:

Aman and Naman are partners. They admitted Jyoti as a new partner for 3/10 share which she acquired 2/10 from Aman and 1/10 from Naman. The new profit sharing ratio of Aman, Naman and Jyoti is 4:3:3. Find the old ratio between Aman and Naman.

Solution

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