Accountancy, asked by adityapatraap4973, 19 days ago

Ram and Shyam are partners in a firm sharing profits in the ratio of 3:2. They admit Ghanshyam as a new partner. Ram surrenders `1//4` of his share and Shyam `1//3` of his share in favour of Ghanshyam. Calculate new profit sharing ratio of Ram. Shyam and Ghanshyam.

Answers

Answered by Anonymous
7

Given:

  • Ram and Shyam were partners in a firm sharing profits in the ratio 3:2.
  • Ghanshyam was admitted as a new partner.
  • Ram surrenders 1/4th of his share and Shyam surrenders 1/3rd of his share in favour of Ghanshyam.

To find:

  • New profit sharing ratio of Ram, Shyam and Ghanshyam.

Solution:

Old profit sharing ratio of Ram and Shyam is 3 : 2.

  • Ram's profit sharing ratio = 3/5
  • Shyam's profit sharing ratio = 2/5

Sacrifice after admission of Ghanashyam:

  • Ram's sacrifice = 3/5 of 1/4 = 3/20
  • Shyam's sacrifice = 2/5 of 1/3 = 2/15

Share of Ghanshyam is given by:

⇒ Sacrifice of (Ram + Shyam)

⇒ 3/20 + 2/15

⇒ (9+8)/60

⇒ 17/60

New ratio of old partners after sacrifice:

Ram's new ratio:

⇒ Old ratio - Sacrifice

⇒ 3/5 - 3/20

⇒ (12-3)/20

⇒ 9/20

Shyam's new ratio:

⇒ Old ratio - Sacrifice

⇒ 2/5 - 2/15

⇒ (6-2)/15

⇒ 4/15

The required profit sharing ratio of partners:

⇒ Ram : Shyam : Ghanshyam

⇒ 9/20 : 4/15 : 17/60

⇒ 27/60 : 16/60 : 17/60

⇒ 27 : 16 : 17

So the new profit sharing ratio of Ram, Shyam and Ghanshyam is 27 : 16 : 17

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