Question

X And Y shared profits in the ratio of 3:1. They admit Z to one-third share in the future profits. What will be the new profit sharing ratio?​

Answer 1

Answer:

2:1:1

Explanation:

At the time of admission of a new partner, goodwill bought in by new partner is distributed among sacrificing partners in their sacrificing ratio.

In the given question -

Old ratio (X and Y) = 3 : 1

New ratio (X, Y and Z) = 2 : 1 : 1

Sacrificing ratio = Old ratio - New ratio

X's sacrifice ratio = (2/4) - (3/4) = 1/4

Y's sacrificing ratio = (1/4) - (1/4) = 0

Therefore, Goodwill of Rs. 4000 brought in by Z is credited to X only, as only X is sacrificing here.

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