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
Option 1: Gain 1/12
Option 2: Sacrifice 1/12
Option 3: Gain 2/60
Option 4: Sacrifice 3/60
Correct Answer: Sacrifice 1/12
Solution : Answer = Sacrifice 1/12
Sacrificing ratio = O.R. - N.R.
Rajiv = 3/4 - 2/3 = 9-8/12 = 1/12 Sacrifice
Ravi = 1/4 - 1/3 = 3-4/12 = -1/12 gain Hence, the correct option is 2.
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:
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 : 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 : 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
Question : H, O and D were partners in a firm sharing profits and losses in the ratio of 2:2:1. The partners decide to share future profits and losses in the ratio of 3:2:1. Each partner’s gain or sacrifice due to change in ratio will be :
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