Question

33) A and B were partners in a firm sharing profits and losses in the ratio 3:1. They admitted C as a
Ram and Shyam. Calculate new profit-
new partner for 10% share in the profits and losses. Calculate the new profit sharing ratio
between A, Band C. (Ans: 27:9:4)
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Answer 1

Answer:

According to the Partnership Act 1932, a new partner can be admitted into the firm only with the consent of all the existing partners unless otherwise agreed upon. ... For the right to acquire share in the assets and profits of the partnership firm, the partner brings an agreed amount of capital either in cash or in kind.

Answer 2

Explanation:

Old ratio (A and B) = 3 : 2

C is admitted for 1/4 share

Let the combined share of A, B and C = 1

Combined share of A and B after C's admission = 1 - C's share

= 1 - (1/4) = 3/4

New share :

A = (3/4) * (1/2) = 3/8

B = (3/4) * (1/2) = 3/8

C = 1/4

Therefore, A : B : C = 3/8 : 3/8 : 1/4

= 3 : 3 : 2

Sacrificing ratio = Old ratio - New ratio

A's sacrifice = (3/5) - (3/8) = 9/24

B's sacrifice = (2/5) - (3/8) = 1/24

Therefore, sacrificing ratio of A and b is 9 : 1