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Karnataka PUC II Commerce Admission of a Partner — practice questions

Explore 10 free Admission of a Partner questions in Karnataka PUC II Commerce Accountancy. Open each question or exercise to read its content, reference answers and available explanation.

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Admission of a Partner questions and exercises with answers

Showing questions 1–10 of 10.

Sacrificing ratio isRead the answer and worked solution →Goodwill brought in by a new partner at admission is typically credited toRead the answer and worked solution →Anil and Vishal share profits 3:2. Sumit is admitted for 1/5 share (acquired from Anil and Vishal in their old ratio). The new ratio Anil:Vishal:Sumit isRead the answer and worked solution →Akshay and Bharati share 3:2. Dinesh is admitted for 1/5 share, taken equally from Akshay and Bharati. New ratio Akshay:Bharati:Dinesh isRead the answer and worked solution →Ram and Shyam share 3:2 and admit Ghanshyam. Ram sacrifices 1/4 of his share and Shyam 1/3 of his. The new ratio Ram:Shyam:Ghanshyam isRead the answer and worked solution →In Revaluation Account, an INCREASE in the value of an asset is recorded on theRead the answer and worked solution →If after revaluation a profit of ₹30,000 is shown, it is distributed amongRead the answer and worked solution →Anshu and Nitu share 3:2 and admit Jyoti for 3/10 share, which she acquires 2/10 from Anshu and 1/10 from Nitu. The new ratio Anshu:Nitu:Jyoti isRead the answer and worked solution →Sacrificing ratio is computed asRead the answer and worked solution →Das and Sinha share 4:1; Pal is admitted for 1/4 share, acquired entirely from Das. The new ratio Das:Sinha:Pal isRead the answer and worked solution →

Worked practice questions

Sacrificing ratio is

  1. The ratio of indirect taxes paid by partners
  2. The ratio of losses borne by the new partner alone
  3. The ratio of profits sacrificed by old partners in favour of the new partner
  4. The ratio of capitals contributed by old partners
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Correct answer: C. The ratio of profits sacrificed by old partners in favour of the new partner

Sacrificing ratio = Old share − New share for each old partner. It determines how the new partner's incoming share is carved out of the old partners' shares.

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Goodwill brought in by a new partner at admission is typically credited to

  1. The old partners' capital accounts in the sacrificing ratio
  2. The Revaluation Account
  3. The Profit & Loss Appropriation Account
  4. The new partner's capital account
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Correct answer: A. The old partners' capital accounts in the sacrificing ratio

Goodwill (or premium) compensates the old partners for the share of future super-profits being given up it is credited to them in their sacrificing ratio.

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Anil and Vishal share profits 3:2. Sumit is admitted for 1/5 share (acquired from Anil and Vishal in their old ratio). The new ratio Anil:Vishal:Sumit is

  1. 3:2:1
  2. 6:4:5
  3. 12:8:5
  4. 9:6:5
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Correct answer: C. 12:8:5

Remaining 4/5 split 3:2 between Anil and Vishal: Anil 3/5×4/5 = 12/25, Vishal 2/5×4/5 = 8/25, Sumit 1/5 = 5/25. Ratio 12:8:5.

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