Question:
Old Ratio = 8:5:3, New Ratio = 6:5:5
A’s gain/sacrifice = ?
Old Ratio = 8:5:3, New Ratio = 6:5:5
A’s gain/sacrifice = ?
A’s gain/sacrifice = ?
Show Hint
Sacrifice = Old Share – New Share. Positive = sacrifice, negative = gain.
Updated On: Jul 8, 2025
- \( \frac{1}{8} \) gain
- \( \frac{2}{8} \) gain
- \( \frac{1}{8} \) sacrifice
- \( \frac{2}{8} \) sacrifice
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
Old Share of A = 8/16 = 1/2
New Share = 6/16 = 3/8
Sacrifice = 1/2 - 3/8 = 1/8
New Share = 6/16 = 3/8
Sacrifice = 1/2 - 3/8 = 1/8
Was this answer helpful?
0
0
Top Questions on Profit sharing ratio
- Aman, Suman and Tanvi were partners in a firm sharing profits and losses in the ratio of 9:8:7. They decided to share future profits and losses in the ratio of 7:9:8 with effect from 1st April, 2024. Their Balance Sheet as at 31st March, 2024 showed: (i) Contingency Reserve of ₹ 24,00,000. (ii) Credit Balance of ₹ 12,00,000 in Profit and Loss Account. Goodwill of the firm was valued at ₹ 42,00,000 and Revaluation of assets and liabilities resulted in a loss of ₹ 6,00,000. The partners did not want to distribute the Contingency Reserve and the Balance of the Profit and Loss Account. They also decided that revalued values of assets and liabilities were not to be recorded in the books. Pass a single adjustment entry to give effect to the above. Show your workings clearly.
- CBSE CLASS XII - 2025
- Accountancy
- Profit sharing ratio
- Nishu, Rishu and Kishu were partners in a firm sharing profits and losses in the ratio of 8 : 7 : 5. They decided to share future profits and losses in the ratio of 5 : 8 : 7 with effect from 1st April, 2024. Their Balance Sheet as at 31st March, 2024 showed :
General Reserve ₹ 10,00,000.
Debit Balance of ₹ 2,00,000 in Profit and Loss Account.
Goodwill of the firm was valued at ₹ 20,00,000 and revaluation of assets and liabilities resulted in a profit of ₹ 7,00,000. The partners did not want to distribute the General Reserve and the balance of Profit and Loss Account. They also decided that revalued values of assets and liabilities were not to be recorded in the books. Pass a single adjustment entry to give effect to the above. Show your workings clearly.- CBSE CLASS XII - 2025
- Accountancy
- Profit sharing ratio
- Varsha, Aryan and Nimit were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Varsha retired and surrendered 1/3rd of her share in favour of Aryan and the remaining share in favour of Nimit. The new profit sharing ratio between Aryan and Nimit will be :
- CBSE CLASS XII - 2025
- Accountancy
- Profit sharing ratio
- Sia, Tisha and Aryan were partners sharing profits and losses in the ratio of 4 : 7 : 1. The firm closes its books on 31st March every year. Tisha died on 1st July, 2024. Sia and Aryan will acquire Tisha’s share in which of the following ratio ?
- CBSE CLASS XII - 2025
- Accountancy
- Profit sharing ratio
- The firm of Amish, Nitish and Misha, who have been sharing profits in the ratio of 2 : 2 : 1, have existed for some years. Misha wanted that she should get equal share in the profits with Amish and Nitish and she further wished that the change in the profit sharing ratio should come into effect retrospectively for the last three years. Amish and Nitish had agreement for this.
The profits for the last three years were: 2021–22 ₹ 1,15,000; 2022–23 ₹ 1,24,000; 2023–24 ₹ 2,11,000
Show adjustment of profits by means of a single adjustment journal entry. Show your working clearly.- CBSE CLASS XII - 2025
- Accountancy
- Profit sharing ratio
View More Questions
Questions Asked in CBSE CLASS XII exam
- A coil of 60 turns and area \( 1.5 \times 10^{-3} \, \text{m}^2 \) carrying a current of 2 A lies in a vertical plane. It experiences a torque of 0.12 Nm when placed in a uniform horizontal magnetic field. The torque acting on the coil changes to 0.05 Nm after the coil is rotated about its diameter by 90°. Find the magnitude of the magnetic field.
- CBSE CLASS XII - 2025
- Magnetism and matter
- Determine the values of $x$ for which the function $f(x) = \frac{x-4}{x+1}$ is an increasing or a decreasing function.
- CBSE CLASS XII - 2025
- Application of derivatives
Complete and balance the following chemical equations: (a) \[ 2MnO_4^-(aq) + 10I^-(aq) + 16H^+(aq) \rightarrow \] (b) \[ Cr_2O_7^{2-}(aq) + 6Fe^{2+}(aq) + 14H^+(aq) \rightarrow \]
- CBSE CLASS XII - 2025
- Redox Reactions
- Two wires of the same material and the same radius have their lengths in the ratio 2:3. They are connected in parallel to a battery which supplies a current of 15 A. Find the current through the wires.
- CBSE CLASS XII - 2025
- Current electricity
- Arun, Bashir and Joseph were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. They admitted Daksh as a new partner who acquired his share entirely from Arun. If Arun sacrificed \( \frac{1}{5} \)th from his share to Daksh, Daksh's share in the profits of the firm will be :
- CBSE CLASS XII - 2025
- Partnership Accounts
View More Questions