\(2:1:1\)
To calculate the new profit-sharing ratio after admitting Kunal, we start with the existing ratio of Aman's and Riya's shares, which is 5:3. This means Aman has a share of \( \frac{5}{8} \) and Riya has \( \frac{3}{8} \) of the total profit.
Kunal is admitted with a \( \frac{1}{4} \) share, which he takes equally from Aman and Riya. Therefore, each of Aman and Riya's shares will be reduced by \( \frac{1}{8} \) (since \( \frac{1}{4} \div 2 = \frac{1}{8} \)).
Calculating the new shares:
Now, we need the new ratio. The fractions \(\frac{1}{2}\), \(\frac{1}{4}\), and \(\frac{1}{4}\) can be expressed with a common denominator, which is 4:
Thus, the new profit-sharing ratio of Aman, Riya, and Kunal is \(2:1:1\).
What is the correct sequence at the time of death of a partner?
(A) Amount paid to Executor
(B) Preparation of Revaluation account
(C) Calculation of Amount Payable to executor of Deceased partner
(D) Calculation of Revaluation Gain/Loss
(E) Balance of Executor's loan A/c
Choose the correct answer from the options given below:
Match List – I with List – II:
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Match List I with List II:
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