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Raj and mohan are partners in …

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Raj and mohan are partners in a firm sharing profit and loss in the ratio of 3:2. Thampi is admitted in the partnership. Raj sacrifices 1/3rd of his share and Mohan 1/4th of his share in favour of Thampi. Determining new ratio of partners and sacrificing ratio.

Posted by Sikha Raju 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Saurabh Singh 6 years, 4 months ago

Sacrifice of Raj in favour of thampi =3/5*1/3 =1/5 Sacrifice of Mohan in favour of thampi =2/5*1/4 =1/10 Raj's new profit sharing ratio =3/5 - 1/5=2/5 or 4/10 Mohan's new profit sharing ratio = 2/5 - 1/10 = 3/10 Thampi's share = 1/5 + 1/4 = 9/20 New profit sharin ratio of Raj, Mohan and Thampi = 4/10, 3/10, 9/20 or 8:6:9

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