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Common University Entrance Test
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Accountancy
List of top Accountancy Questions on Profit sharing ratio asked in Common University Entrance Test
S and T are partners in a firm sharing profits in the ratio of 3:2. They admit U as a new partner. S surrenders
1
4
\frac{1}{4}
4
1
of his share and T surrenders 1/3 of his share in favour of U. Sacrificing ratio of S and T will be:
Choose the correct answer from the options given below:
CUET (UG) - 2024
CUET (UG)
Accountancy
Profit sharing ratio
Gori and Sori share profits in the ratio of 3:2. Hori was admitted as a partner who gets a
1
5
\frac{1}{5}
5
1
share, which Hori acquires
3
20
\frac{3}{20}
20
3
from Gori and
1
20
\frac{1}{20}
20
1
from Sori. The new profit sharing ratio of Gori, Sori, and Hori would be:
CUET (UG) - 2024
CUET (UG)
Accountancy
Profit sharing ratio
From the following details, calculate the interest coverage ratio:
Net Profit after tax: 1,80,000
Long-term debt: 20,00,000
Interest rate: 15
%
\%
%
Tax rate: 40
%
\%
%
CUET (UG) - 2024
CUET (UG)
Accountancy
Profit sharing ratio
Hem and Nem are partners in a firm Sharing Profits in the ratio of
3
:
2
3: 2
3
:
2
. Their Capitals were
₹
80
,
000
₹ 80,000
₹80
,
000
and
₹
50
,
000
₹ 50,000
₹50
,
000
respectively. They admitted Sam for
1
5
\frac{1}{5}
5
1
share and he brought
₹
60
,
000
₹ 60,000
₹60
,
000
as his Capital. Goodwill of the firm will be:
CUET (UG) - 2023
CUET (UG)
Accountancy
Profit sharing ratio
Match LIST I with LIST II
LIST I
LIST II
A
Profit sharing Ratio
I
No payment
B
Interest on partner's Loan
II
With consent of all existing partners
C
Admission of a Partner
III
6% p.a.
D
Interest on Capital
IV
Equal
Choose the
correct
answer from the options given below
CUET (UG) - 2023
CUET (UG)
Accountancy
Profit sharing ratio
Reconstitution of Partnership means :
A. Change in Profit Sharing Ratio among existing partners
B. Dissolution of Partnership firm
C. Retirement of Partner
D. Admission of Partner
E. Death of Partner
Choose the correct answer from the options given below :
CUET (UG) - 2023
CUET (UG)
Accountancy
Profit sharing ratio
The old profit sharing ratio among A, B and C were 2:2:1. The new Profit sharing ratio after B's retirement is 3:2. The gaining ratio is-
CUET (UG) - 2023
CUET (UG)
Accountancy
Profit sharing ratio
Alia and Deepika are partners in a firm. They admitted Priyanka into partnership giving her
1
5
\frac{1}{5}
5
1
th share which she acquired from Alia and Deepika in the ratio of 1:2. What will be the new profit sharing ratio ?
CUET (UG) - 2023
CUET (UG)
Accountancy
Profit sharing ratio