{"id":44194,"date":"2024-04-15T21:40:16","date_gmt":"2024-04-15T21:40:16","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=44194"},"modified":"2024-04-15T21:40:16","modified_gmt":"2024-04-15T21:40:16","slug":"a-and-b-are-partner-in-a-partnership-firm-sharing-profit-and-losses-in-3-1-c-is-admitted-for-frac13textrd-share-new-profit-sharing-ratio-between-a-b-and-c-is","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partner-in-a-partnership-firm-sharing-profit-and-losses-in-3-1-c-is-admitted-for-frac13textrd-share-new-profit-sharing-ratio-between-a-b-and-c-is\/","title":{"rendered":"A and B are partner in a partnership firm sharing profit and losses in 3 : 1. C is admitted for $${\\frac{1}{3}^{{\\text{rd}}}}$$ share. New profit sharing ratio between A, B and C is"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;03:01:03&#8243; option2=&#8221;03:01:02&#8243; option3=&#8221;03:02:01&#8243; option4=&#8221;06:05:04&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is $\\boxed{\\text{B. }3:1:2}$.<\/p>\n<p>The initial profit sharing ratio between A and B is 3:1. When C is admitted for a $\\frac{1}{3}$ share, the new profit sharing ratio is calculated as follows:<\/p>\n<ul>\n<li>A&#8217;s new share = (3\/4) x 3 = 3<\/li>\n<li>B&#8217;s new share = (1\/4) x 1 = 1<\/li>\n<li>C&#8217;s new share = (1\/3) = 2<\/li>\n<\/ul>\n<p>Therefore, the new profit sharing ratio between A, B and C is 3:1:2.<\/p>\n<p>Option A is incorrect because it does not take into account the new share that C is taking. Option C is incorrect because it does not reflect the fact that A and B are sharing the remaining 2 shares equally. Option D is incorrect because it does not reflect the fact that C is taking a $\\frac{1}{3}$ share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;03:01:03&#8243; option2=&#8221;03:01:02&#8243; option3=&#8221;03:02:01&#8243; option4=&#8221;06:05:04&#8243; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-44194","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A and B are partner in a partnership firm sharing profit and losses in 3 : 1. C is admitted for $${\\frac{1}{3}^{{\\text{rd}}}}$$ share. New profit sharing ratio between A, B and C is<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partner-in-a-partnership-firm-sharing-profit-and-losses-in-3-1-c-is-admitted-for-frac13textrd-share-new-profit-sharing-ratio-between-a-b-and-c-is\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A and B are partner in a partnership firm sharing profit and losses in 3 : 1. C is admitted for $${\\frac{1}{3}^{{\\text{rd}}}}$$ share. New profit sharing ratio between A, B and C is\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;03:01:03&#8243; option2=&#8221;03:01:02&#8243; option3=&#8221;03:02:01&#8243; option4=&#8221;06:05:04&#8243; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partner-in-a-partnership-firm-sharing-profit-and-losses-in-3-1-c-is-admitted-for-frac13textrd-share-new-profit-sharing-ratio-between-a-b-and-c-is\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T21:40:16+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"A and B are partner in a partnership firm sharing profit and losses in 3 : 1. C is admitted for $${\\frac{1}{3}^{{\\text{rd}}}}$$ share. New profit sharing ratio between A, B and C is","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/a-and-b-are-partner-in-a-partnership-firm-sharing-profit-and-losses-in-3-1-c-is-admitted-for-frac13textrd-share-new-profit-sharing-ratio-between-a-b-and-c-is\/","og_locale":"en_US","og_type":"article","og_title":"A and B are partner in a partnership firm sharing profit and losses in 3 : 1. C is admitted for $${\\frac{1}{3}^{{\\text{rd}}}}$$ share. 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