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Question
Bharati and Astha were partners sharing profits in the ratio of 3 : 2. They admitted Dinkar as a new partner for 1/5th share in the future profits of the firm which he got equally from Bharati and Astha. Calculate the new profit-sharing ratio of Bharati, Astha and Dinkar.
Solution
Calculation of New Profit Sharing Ratio
Bharti : Astha = 3 : 2 (Old Ratio)
Dinkar = `1/5`
Bharti's Sacrifice = `1/5 xx 1/2 = 1/10`
Astha's Sacrifice = `1/5 xx 1/2 = 1/10`
Bharti's new share = `3/5 - 1/10 = [ 6 - 1 ]/10 = 5/10`
Astha's new share = `2/5 - 1/10 = [ 4 - 1]/10 = 3/10`
Dinkar's new share = `1/5 xx 2/2 = 2/10`
Bharti : Astha : Dinkar = 5 : 3 : 2 ( New Ratio )
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Liabilities |
Amount (₹) |
Assets |
Amount (₹) |
||
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Cash in Hand | 18,000 | ||
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|
|
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|
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| A |
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|
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|
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|
Liabilities |
₹ |
Assets |
₹ |
||
|
Creditors |
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20,000 |
||
|
Reserves |
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||
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|
Capital A/cs: |
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| A |
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|||
|
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||||
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Liabilities |
₹ |
Assets |
₹ |
||
|
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Assets | Amount (₹) |
||
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|
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