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Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Change in Profit-Sharing Ratio and Admission of a Partner › Vijay and Sanjay (3:2) admit Ajay for 1/4; new r…

Vijay and Sanjay (3:2) admit Ajay for 1/4; new ratio 2:1:1; Ajay pays Rs. 5,000. Vijay's credit?

ARs. 2,000
BRs. 3,500
CRs. 3,000
DRs. 2,500
Answer & Solution
Correct answer: A. Rs. 2,000
Vijay sacrifices 3/5 minus 1/2 = 1/10 and Sanjay 2/5 minus 1/4 = 3/20, a 2:3 split, so Vijay gets 2/5 of 5,000 = 2,000.
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