Amar and akbar are partner sharing profits and losses in the ratio of 3:2 they admitted Alan into the partnership for 1\6 th share . which he acquires in the partnership of 1/24 and 1/8 from amar and akbar respectively calculate NPSR
Answers
Answer:
Old Ratio = 3:2
Given that New partner Alan admitted for 1/6 share
acquired from Amar and Akbar in ratio of 1/24:1/8
so Amar sacrifice 1/24 share
Akbar sacrifice 1/8 share
so Amar new share is
3/5-1/24= 72-5/120=67/120
Akbar new share is 2/5-1/8= 16-5/40=11/40
Alan share is 1/6
new ratio
67/120:11/40:1/6= 67:33:20
Answer:
New profit sharing ratio of Amar : Akbar : Alan = 67 : 33 : 20
Explanation:
Solution :
★ Old Ratio :
Amar : Akbar = 3 : 2
- Amar's Share = 3/5
- Akbar's Share = 2/5
They admitted Alan into the partnership for 1\6 th share
Which he acquires in the partnership of
• 1/24 from Amar (Amar Sacrifice 1/24)
• And 1/8 from Akbar (Akbar Sacrifice 1/8)
★ New profit sharing ratio :
• Amar's new share = 3/5 - 1/24
= (72-5)/120
= 67/120
• Akbar's new share = 2/5 - 1/8
= (16-5)/40
= 11/40 (11×3/40×3)
= 33/120
• Alan's share = 1/6
= 1/6
= 20/120
New profit sharing ratio :
- Amar : Akbar : Alan = 67/120 : 33/120 : 20/120
Amar : Akbar : Alan = 67 : 33 : 20
Therefore, New profit sharing ratio of Amar : Akbar : Alan = 67 : 33 : 20