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What Do You Mean by 'Sacrifice Ratio'? - Book Keeping and Accountancy

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प्रश्न

What do you mean by 'sacrifice ratio'?

What is ‘Sacrifice ratio’?

उत्तर

The ratio in which the new partner (who has joined a partnership firm) is given the share by the existing partners of the firm is called sacrificing ratio. So, it is the ratio in which the existing partners sacrifice their share of profit in favour of the new partner. Algebraically, it is expressed as:

Sacrifice ratio = Old ratio – New ratio

 

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संबंधित प्रश्‍न

The proportion in which old partners make a sacrifice is called ___________ ratio.

(a) capital
(b) gaining
(c) sacrifice
(d) new

Ram, Mohan and Sohan were partners in a firm sharing profits in the ratio of 5:3:2. They admitted Hari as a new partner for 1/5th share in the profit which he acquired from Ram and Mohan in the ratio of 3:2. Calculate the new profit sharing ratio of Ram, Mohan, Sohan and Hari.


A, B and C were partners in a firm sharing profits in the ratio of 3:2:1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C.

Calculate the new profit sharing ratio of A, B, C and D.


P, Q, and R were partners in a firm sharing profits in the ratio of 3:2:1. They admitted S as a new partner for 1/8th share in the profits which he acquired 1/16th from P and 1/16th from Q.

Calculate new Profit Sharing Ratio of P, Q, R and S


Anurag and Bhawana entered into the partnership on 1.4.2014. On 1.1.2015 they admitted Monika as a new partner for `3/10` th share in the profits which she acquired equally from Anurag and Bhawana. The new profit sharing ratio of Anurag, Bhawana and Monika was 4:3:3. Calculate the profit sharing ratio of Anurag and Bhawana at the time of forming the partnership.


State the meaning of sacrificing ratio. 


Give any one distinction between sacrificing ratio and gaining ratio.


A, B and C were partners in a firm. Their capitals were A Rs 30,000, B Rs 20,000 and C Rs 10,000 respectively. According to the partnership deed they were entitled to an interest in capital @ 5% p.a. In addition B was also entitled to draw a salary of Rs 500 per month. C was entitled to a commission of 5% on the profit after charging the interest on capital, but before charging the salary payable to B. The net profits for the year were Rs 30,000 distributed in the ratio of their capitals without providing for any of the above adjustment. The profits were to be shared in the ratio 2 : 1: 2.

Pass the necessary adjustment entry showing the working clearly.

 


Answer in one sentence only.
What is sacrifice ratio?


Answer in one sentence only.
How is sacrifice ratio calculated?


Answer in one sentence only.
When is the ratio of sacrifice to be calculated?


Write the word/term or phrase which can substitute the following statement. 
The proportion in which old partners make a sacrifice.


Select the most appropriate answer from the alternative given below and rewrite the sentence.

The proportion in which old partners make a sacrifice is called _________________ ratio.


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 _________________.


Select the most appropriate answer from the alternative given below and rewrite the sentence.

The _____________ ratio is useful for making adjustment for goodwill among the old partners.


Select the most appropriate answer from the alternative given below and rewrite the sentence.

Krishna and Balram, who are equal partners, admit Arjun into partnership for 1/4th share, their new profit sharing ratio will be ________________.


Select the most appropriate answer from the alternative given below and rewrite the sentence.

In case of admission of a partner, the profit or loss on revaluation of assets and liabilities is shared by _________________ partners.


 Write a word/phrase/term which can substitute each of the following statement.

The proportion in which old partners make a sacrifice.


Rohit and Mohit were partners sharing profits and losses in the ratio of 2:1. Their capital accounts as on 31.3.2021 had a credit balance of ₹ 1,09,000 and ₹ 66,000 respectively. They admitted Sahil as a new partner on 1st April, 2021 for 1/5th share in profits. Sahil brought ₹ 25,000 as his share of goodwill premium. He agreed to contribute capital in new profit-sharing ratio. The amount of capital brought by Sahil was:


Monu and Sonu were partners sharing profits in the ratio of 2 : 3. They admitted Ram as a new partner for `3/5`th share in profits which he acquired `1/5`th from Monu and `2/5`th from Sonu. The new profit sharing ratio of monu, sonu and ram will be ______.


Mini and Mansi are partners sharing profits in the ratio of 4 : 3. They admitted Nisha as a new partner for `3/7`th share in profits which she acquired `2/7`th from Mini and `1/7`th from Mansi. The new profit sharing ratio of Mini, Mansi and Nisha will be ______.


Bina and Ria are partners sharing profits in the ratio of 5 : 3. They admitted Siya as a new partner for 3/8th share which she acquired 2/8th from Bina and 1/8th from Ria. The new profit sharing ratio of Bina, Ria and Siya will be ______.


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