COMMERCE TEACHERS FORUM DELHI

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Test-4 MCQ-Admission of Partners (Calculation of New PSR and Sacrificing Ratio) based on the class held on 06/08/2020

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Q. 01 A, B and C are partners sharing profits and losses in the ratio 6 : 3 : 3, they agreed to take D, as new partner with 1/8th Share of profits. The new profit sharing ratio will be: *

2 points

14 : 7 : 7 : 4

1 : 1 : 1 : 1

12 : 27 : 36 : 42

12 : 36 : 27 : 42.

Q. 02 A and B are sharing profits and losses in the ratio 5 : 3. They admitted C as a partner and gave him 1/5th share of the profits. He acquired his share equally from A and B. New profit sharing ratio will be: *

2 points

5 : 6 : 3

2 : 4 : 6

21 : 11 : 8

18 : 24 : 38.

Q. 03 A and B are sharing profits and losses in the ratio 3 : 2. They admitted C as a new partner to give him 2/10th share in the profit. The new profit sharing ratio will be: *

2 points

12 : 8 : 5

3 : 2 :2

3 : 2 :5

2 : 1 :2

Q. 04 Admission of a Partner means Reconstitution of a firm as existing agreement comes to an end and a new agreement comes into effect because of the Admission of a Partner *

1 point

TRUE

FALSE

Q. 05 The ratio in which the old partners surrender their share of profit in favour of new partner is called Gaining Ratio *

1 point

TRUE

FALSE

Q. 06 Sacrificing Ratio : *

1 point

New Ratio – Old Ratio

Old Ratio – New Ratio

Old Ratio – Gaining Ratio

Gaining Ratio – Old Ratio

Q. 07 A and B share profits in the ratio of 2:1. C is admitted with 1/4 share in profit. C acquires 3/4 of his share from A and 1/4 of his share from B. The new ratio will be *

2 points

23:13:12

3:4:2

2:1:1

12:13:23

Q. 08 Sonu and Monu are partners sharing profits in ratio of 2:3. They admitted Tony as a new partner in future he took 3/10 from Sonu and 1/10 from Monu. Sacrificing ratio of Sonu and Monu will be *

1 point

3:1

1:1

2:3

1:3

Q. 09 A and B are partners sharing profits in the ratio of 7 : 3. A surrenders 1/7th of his share and B surrenders 1/3rd of his share in favour of C, a new partner. The new profit sharing ratio and sacrificing ratio will be: *

2 points

New Ratio 1 : 3 : 1, Sacrificing Ratio 1 : 1

New Ratio 2 : 2 : 1, Sacrificing Ratio 1 : 1

New Ratio 3 : 1 : 1, Sacrificing Ratio 7 : 3

New Ratio 3 : 1 : 1, Sacrificing Ratio 1 : 1

Q. 10 Anita and Sunita are partners in a firm sharing profits in the ratio of 3 : 2 respectively. They admitted Vinita as a new partner for 1/4 share. The new profit sharing ratio between Anita and Sunita will be 2 : 1. Calculate sacrificing ratio of Anita and Sunita. *

1 point

1 : 1

1 : 2

2 : 1

2 : 3

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