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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. Algebraically, it is expressed as:
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RELATED QUESTIONS
The proportion in which old partners make a sacrifice is called ___________ ratio.
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
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.
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2) New profit sharing ratio of Sahil, Charu, Tanu and Puneet on Puneet's admission.
On 1.1.2008, Uday and Kaushal entered into a partnership with fixed capitals of Rs 7,00,000 and Rs 3,00,000 respectively. They were doing good business and were interested in its expansion but could not do the same because of lack of capital. Therefore, to have more capital, they admitted Govind as a new partner on 1.1.2010. Govind brought Rs 10,00,000 as capital and the new profit sharing ratio decided was 3:2:5. On 1.1.2012, another new partner Hari was admitted with a capital of Rs 8,00,000 for the 1/10th share in the profits, which he acquired equally from Uday, Kaushal and Govind. On 1.4.2014 Govind died and his share was taken over by Uday and Hari equally. Calculate :
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(2) New profit sharing ratio of Uday. Kaushal, Govind and Had on Hari's admission.
(3) New profit sharing ratio of Uday, Kaushal and Hari on Govind's death.
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'?
State the meaning of sacrificing ratio.
X Ltd has a Current Ratio of 3 : 1 and Quick Ratio of 2 : 1. If the excess of Current Assets over
Quick Assets as represented by Stock is Rs 40,000, calculate Current Assets and Current Liabilities.
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.
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.
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 ______.
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 ______.
