Question : Ali and Bali were partners in a firm sharing profit or loss in the ratio of 2:1. With effect from Jan. 1, 2019 they agreed to share profit or loss in the ratio of 3:2. Due to change in profit-loss sharing ratio, Bali’s gain or sacrifice will be:
Option 1: Sacrifice 1/15
Option 2: Gain 1/15
Option 3: Gain 1/3
Option 4: Sacrifice 1/3
Correct Answer: Gain 1/15
Solution : Answer = Gain 1/15
Sacrificing Ratio = Old ratio - New Ratio
Ali = 2/3 - 3/5 = 10-9/15 = 1/15 (sacrifice)
Bali = 1/3 - 2/5 = 5-6/15 = -1/15 (gain) Hence, the correct option is 2.
Question : Ram and Balram were partners in a firm sharing profit or loss 4:3. With effect from 1st April 2019 they agreed to share profits in the ratio of equally Due to a change in profit sharing ratio, Ram’s gain or sacrifice will be :
Question : P, Q and R were partners sharing profit or loss in the ratio of 8:4:3. From Jan. 1, 2019 they decided to share profit or loss in the ratio of 7:3:2. Due to change in the profit-loss sharing ratio, Q’s gain or sacrifice will be :
Question : Ram and Balram were partners in a firm sharing profit or loss equally. With effect from 1st April, 2019 they agreed to share profits in the ratio of 8: 6. Due to change in profit sharing ratio, Balram’s gain or sacrifice will be :
Question : Rajiv and Ravi were partners in a firm sharing profits or losses in the ratio of 3:1 .With effect from 1st January, 2020, they agreed to share profits in the ratio of 2:1. Due to change in profit-sharing ratio, Rajiv s gain or sacrifice will be
Question : X and Y were partners in a firm sharing profits equally. With effect from 1st April 2020, they decided to share profits in the ratio of 4:3. Due to the change in the profit-sharing ratio gain or sacrifice will be
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