Question : P, Q and R were partners sharing profit or loss in the ratio of 8:4:3. From Jan. 1, 2019 they decided to share profit or loss in the ratio of 7:3:2. Due to change in the profit-loss sharing ratio, Q’s gain or sacrifice will be :
Option 1: sacrifice 1/60
Option 2: Gain 1/60
Option 3: Gain 1/30
Option 4: Sacrifice 1/20
Correct Answer: sacrifice 1/60
Solution : Answer = sacrifice 1/60
S.R. = old Ratio - new Ratio
P = 8/15 - 7/12 = 32 - 35/60 = -3/60 (gain)
Q = 4/15 - 3/12 = 16 -15/60 = 1/60 (sacrifice)
R = 3/15 - 2/12 = 12-10/60 = 2/60 (sacrifice) Hence, the correct option is 1.
Question : Ali and Bali were partners in a firm sharing profit or loss in the ratio of 2:1. With effect from Jan. 1, 2019 they agreed to share profit or loss in the ratio of 3:2. Due to change in profit-loss sharing ratio, Bali’s gain or sacrifice will be:
Question : Ram and Balram were partners in a firm sharing profit or loss 4:3. With effect from 1st April 2019 they agreed to share profits in the ratio of equally Due to a change in profit sharing ratio, Ram’s gain or sacrifice will be :
Question : H, O and D were partners in a firm sharing profits and losses in the ratio of 2:2:1. The partners decide to share future profits and losses in the ratio of 3:2:1. Each partner’s gain or sacrifice due to change in ratio will be :
Question : Ram and Balram were partners in a firm sharing profit or loss equally. With effect from 1st April, 2019 they agreed to share profits in the ratio of 8: 6. Due to change in profit sharing ratio, Balram’s gain or sacrifice will be :
Question : A, B and C are partners in a firm sharing profits and losses in the ratio of 3:2:1. The partners decide to share future profits and losses in the ratio of 5:3:2. Each partner’s gain or sacrifice due to change in the ratio will be :
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