Adaptive Practice
Change in Profit Sharing Ratio
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Question 1 of 10
⏱ 0:30
Easy
What is the main purpose of calculating the 'Change in Profit Sharing Ratio' among partners?
Medium
If Partner A and B share profits in the ratio 3:2 and Partner C is admitted for 1/5th share, what will be the new profit sharing ratio?
Easy
When a partner retires, the profit sharing ratio of remaining partners is recalculated by:
Easy
Partner A and B share profits equally. Partner B retires and his share is given to A. What is A's new profit sharing ratio?
Hard
In a firm, A, B, and C share profits in 2:2:1. C retires and his share is given to A and B in 3:2 ratio. What is the new profit sharing ratio of A and B?
Easy
What is the formula to calculate the 'Sacrificing Ratio' of partners?
Easy
If two partners share profits in 3:2 and a new partner is admitted for 1/4th share, what is the combined sacrificing ratio of the old partners?
Hard
Partner A and B share profits in 4:1. Partner C is admitted for 1/6th share and the new profit sharing ratio is 2:1:1. What is the sacrificing ratio of A and B?
Medium
Which of the following statements is TRUE regarding 'Gaining Ratio'?
Hard
In a firm, partners A, B, and C share profits in 3:2:1. Partner C retires and his share is distributed between A and B in 5:3 ratio. What is the new profit sharing ratio of A and B?