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Select the most appropriate answer from the alternative given below and rewrite the sentence.Jay, Vijay and Ajay are three partners sharing profits in 3:2:1. They decided to admit Sanjay and give him \(1/7^{th}\) share, new profit sharing ratio of partners will be _________.OptionsEqual3:2:1:23:2:1:12:3:1:2 |
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Answer» Jay, Vijay and Ajay are three partners sharing profits in 3:2:1. They decided to admit Sanjay and give him 1/7th share, new profit sharing ratio of partners will be 3:2:1:1. Explanation: It is calculated as follows:- Let the total share be 1. Keshav's Sacrifice \(=\frac{2}{5}-\frac{1}{3}=\frac{1}{15}\) Madhav's Sacrifice \(=\frac{3}{5}-\frac{1}{3}=\frac{4}{15}\) Sacrificing Ratio = 1:4 WN 1: Distribution of Profit and Loss A/c (Dr.) Keshav will get \(=15000\times \frac{2}{5}=Rs.\,6000\) Madhav's will get \(=15000\times \frac{3}{5}=Rs.\,9000\) WN 2: Distribution of Uddhav's Share of Goodwill Keshav will get \(=80000\times \frac{1}{5}=Rs.\,16000\) Madhav's will get \(=80000\times \frac{4}{5}=Rs.\,64000\) |
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