\(2:1:1\)
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 \(2:1:1\).
Match List I with List II:
Choose the correct answer from the options given below:
Naval, Nyaya and Nritya were partners sharing profits in the ratio of 3:5:2. On 31st March, 2024, Nyaya retired. Revaluation of assets and goodwill adjustments were made. Prepare Revaluation Account and Partners’ Capital Accounts.