{"id":47214,"date":"2024-04-15T22:23:34","date_gmt":"2024-04-15T22:23:34","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=47214"},"modified":"2024-04-15T22:23:34","modified_gmt":"2024-04-15T22:23:34","slug":"z-is-admitted-in-a-firm-for-14-shares-in-the-profit-where-he-brings-rs-30000-for-goodwill-it-will-be-taken-away-by-the-old-partners-x-and-y-in","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/z-is-admitted-in-a-firm-for-14-shares-in-the-profit-where-he-brings-rs-30000-for-goodwill-it-will-be-taken-away-by-the-old-partners-x-and-y-in\/","title":{"rendered":"Z is admitted in a firm for 14 shares in the profit where he brings Rs. 30,000 for goodwill. It will be taken away by the old partners X and Y in"},"content":{"rendered":"

[amp_mcq option1=”Old profit-sharing ratio” option2=”New profit-sharing ratio” option3=”Sacrificing ratio” option4=”Capital ratio” correct=”option3″]<\/p>\n

The correct answer is: C. Sacrificing ratio.<\/p>\n

The sacrificing ratio is the ratio in which the old partners agree to sacrifice their share of the profit in order to admit a new partner. In this case, Z is admitted for 14 shares in the profit, which means that he is taking 14\/(14+X+Y) = 14\/(14+2X) of the profit. The old partners, X and Y, must therefore agree to sacrifice their share of the profit so that Z can have his 14 shares. The sacrificing ratio is the ratio in which they agree to do this.<\/p>\n

The old profit-sharing ratio is the ratio in which the old partners shared the profit before Z was admitted. This ratio is not relevant to the calculation of the sacrificing ratio.<\/p>\n

The new profit-sharing ratio is the ratio in which the old and new partners will share the profit after Z is admitted. This ratio is calculated after the sacrificing ratio has been determined.<\/p>\n

The capital ratio is the ratio in which the old partners’ capitals are related to each other. This ratio is also not relevant to the calculation of the sacrificing ratio.<\/p>\n","protected":false},"excerpt":{"rendered":"

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