Question

Ganga And triveni are partners with capitals of rs 2,00,000 and rs 4,00,000 respectively. Saraswati was admitted for 1/4th share in the profits. Saraswati was unable to bring ​

Answer 1

Answer:

Explanation: in the absence of partnership deed , old ratio of partners

are equal 1:1

Answer 2

We are required to find out the profit-sharing ratio of the partners who are Ganga, Triveni, and Saraswati. We are given four options and the correct answer is (c).

The ratio in which they will share their profits is $9 :6 :5$.

WORKING NOTES:

As the old ratio is not given it is assumed that they share the profits equally.

According to the journal entry, the sacrificing ratio is $1 : 4$.

The sacrificing done by Ganga is $\frac{1}{4}$ × $\frac{1}{5}$ $= \frac{1}{20}$

The sacrificing done by Triveni is $\frac{1}{4}$ × $\frac{4}{5} =\frac{4}{20}$

Sacrificing ratio=  $old ratio- new ratio$

For Ganga       $= \frac{1}{2} - \frac{1}{20}$

                         $= \frac{9}{20}$

For Triveni     $= \frac{1}{2} - \frac{4}{20}$

                       $= \frac{6}{20}$

For Saraswati $= \frac{1}{4}$ ×$\frac{5}{5}$

                        $= \frac{5}{20}$

Therefore, the ratio of the partners as calculated are $9 : 6 : 5$ which is the (c) option.

PROJECT CODE: #SPJ3