CHANGE IN PROFIT SHARING RATION AMONG EXISTING PARTNERS : MOST IMPORTANT QUESTION

CHANGE IN PROFIT SHARING RATION AMONG EXISTING PARTNERS : MOST IMPORTANT QUESTION 

1. Define Sacrificing Ratio?
2. Define Gaining Ratio?
3. Aman, Yatin and Uma were partners sharing profits and losses in the ratio of 5 : 3 : 2. Uma retired and her share was taken over by Aman and Yatin in 5 : 3 ratios. Calculate the gaining ratio of Aman and Yatin.
4. P, Q and R are partners sharing profits and losses in the ratio of 5 : 4 : 1. Calculate new profit-sharing ratio, sacrificing ratio and gaining ratio in each of the following cases:
   Case 1. R acquires ⅕th share from A.
   Case 2. R acquires ⅕th share equally form A and B.
   Case 3. P, Q and R will share future profits and losses equally.
   Case 4. R acquires 1/10th share of A and ½ share of B.
5. Ram and sham are partners sharing profits and losses in the ratio 4 : 1. They decide to share profits in the ratio of 3 : 2 on 1st April 2018. However the decision to change the profit sharing ratio was taken after crediting share of profit for the year ended 31st March, 2019 to capital accounts, which was Rs. 1,00,000.
   Goodwill of the firm as at 1st April, 2018 was valued at Rs. 75,000. capital account credit balance were 5,00,000 and 6,00,000

WANT TO LEARN WITH US: VISIT US