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Question
Answer in one sentence only.
What is sacrifice ratio?
Solution
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.
RELATED QUESTIONS
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.
A and B were partners in the firm sharing profits and losses in the ratio of 4:3. They admitted C as a new partner. The new profit sharing ratio between A, B and C were 3:2:2. A surrendered `1/4` th of his share in favour of C. Calculate B’s sacrifice.
On 1-4-2010 Sahil and Charu entered into a partnership for sharing profits in the ratio of 4: 3. They admitted Tanu as a new partner on 1-4-2012 for `1/5` th share which she acquired equally from Sahil and Charu. Sahil, Charu and Tanu earned profits at a higher rate than the normal rate of return for the year ended 31-3-2013. Therefore, they decided to expand their business. To meet the requirements of additional capital they admitted Puneet as a new partner on 1-4-2013 for `1/7` th share in profits which he acquired from Sahil and Charu in 7: 3 ratio.
Calculate:
1) New profit sharing ratio of Sahil, Charu and Tanu for the year 2012-13.
2) New profit sharing ratio of Sahil, Charu, Tanu and Puneet on Puneet's admission.
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.
What do you mean by 'sacrifice ratio'?
Give any one distinction between sacrificing ratio and gaining 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?
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.
Akash, Prakash and Deepak are partners who share profits as 3:2:1. They admit Suraj as a partner and decided to share future profits as 5:3:2:2. The sacrifice ratio 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.
State whether the following statement is True or False.
Ratio analysis is useful for inter-firm comparision
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:
Asha and Nisha were partners in a firm sharing profits and losses in the ratio 3:1. Charu was admitted as a new partner for 1/4th share in the profits of the firm which she acquired equally from Asha and Nisha. The new profit sharing ratio of Asha, Nisha and Charu will be ______.
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 ______.
