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प्रश्न
What is Benefit Ratio?
उत्तर
Profit sharing ratio which is acquired by the continuing partners on account of retirement or death of a partner is called Benefit ratio or Gain ratio.
APPEARS IN
संबंधित प्रश्न
Select the most appropriate answer from the alternatives given below:
Gaining ratio is the ratio in which ______.
Gain ratio _______ Ratio less Old Ratio.
New Ratio = Old Ratio + _____ Ratio
Apte, Bhate and Chitale are sharing `1/2, 3/10, "and" 1/5` if Apte retire their new ratio will be ______.
State whether the following statement is true or false with reason.
Gain ratio means New ratio minus Old ratio.
State whether the following statement is true or false with reason.
On retirement of a partner, a sacrifice ratio is considered.
New Ratio (less) _________ = Gain ratio
A proportion in which the continuing partners get the share of retiring partner is known as ________ ratio.
What is New Ratio?
Given below is the Balance sheet of Amar, Akbar and Anthony who were sharing profits and losses equally:
| Balance Sheet as on 31st March, 2020 | ||||
| Liabilities | Amount ₹ | Assets | Amount ₹ | |
| Creditors | 31,000 | Cash | 39,000 | |
| General Reserve | 24,000 | Debtors | 32,000 | |
| Capital Accounts: | Less: R.D.D | 4,000 | 28,000 | |
| Amar | 57,400 | Furniture | 30,000 | |
| Akbar | 63,600 | Machinery | 80,000 | |
| Anthony | 60,000 | Motor Car | 50,000 | |
| Profit and Loss A/c | 9,000 | |||
| 2,36,000 | 2,36,000 | |||
Amar retired on 1st April, 2020 from the firm on the following terms:
- Furniture to be valued at ₹ 28,000, Machinery ₹ 76,000 and Motor car ₹ 47,600.
- R.D.D. to be maintained at 5% on debtors.
- Goodwill of the firm is to be valued at ₹ 30,000. However, only Amar’s share is to be raised in the books.
- A part payment of ₹ 20,000 to be made to Amar and the balance to be transferred to his Loan Account.
Prepare:
- Profit and Loss Adjustment A/c.
- Partners’ Capital Account.
- Balance Sheet of the New firm.
New Ratio (less) ______ = Gain ratio.
On retirement of a partner, partnership deed is ______ changed.
Asha, Nimisha and Shital are partners sharing profits and losses in the ratio of 5 : 4 : 2. Shital retires. New ratio for Asha and Nimisha is 6 : 5. Calculate Gain ratio.
Given below is a Balance Sheet of A, B and C who were partners in a firm sharing profits and losses in the ratio 5 : 3 : 2.
Their Balance Sheet as on 31st March, 2023 was as follows :
| Balance Sheet as on 31-03-2023 | |||
| Liabilities | Amount (₹) | Assets | Amount (₹) |
| Creditors | 5,600 | Cash | 3,800 |
| Bank Overdraft | 4,850 | Debtors | 9,000 |
| Reserve Fund | 7,500 | Stock | 8,750 |
| Capital A/c | Machinery | 15,000 | |
| A | 21,000 | Land | 35,000 |
| B | 18,500 | Furniture | 2,500 |
| C | 16,600 | ||
| 74,050 | 74,050 | ||
On 1st April, 2023 C retired on the following terms:
(1) Goodwill of the Firm will be raised in the books at ₹ 10,000.
(2) Stock be reduced by 10% and Furniture by 5% and Machinery by 11 %.
(3) R.B.D.D. be maintained at 5% on debtors.
(4) ₹ 100 to be written off from Creditors.
(5) Out of the amount due to C, ₹ 2,500 to be paid by cash and remaining amount to be transferred to his loan account.
Prepare Profit and Loss Adjustment Account, Partner's Capital A/c, Balance Sheet of new firm.
Find the odd one:
New Ratio (less) ______ = Gain ratio.
New Ratio (less) ______ = Gain ratio.
New Ratio (less) ______ = Gain ratio.
New ratio (less) ______ = Gain ratio
New Ratio (less) _____ = Gain ratio
New Ratio (less) ______ = Gain ratio
New Ratio (less) ______ = Gain ratio
New Ratio (less) _________ = Gain ratio
New Ratio (less) ______ = Gain ratio.
