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RP
Question Practice

If two partners have a profit-sharing ratio of 3:2 and admit a new partner, how will the sacrificing ratio be determined?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

If two partners have a profit-...

Single Answer MCQ
Q-00082135

If two partners have a profit-sharing ratio of 3:2 and admit a new partner, how will the sacrificing ratio be determined?

1

It remains the same as the profit-sharing ratio

2

It is calculated from the new partner's share

3

It is the difference between existing shares and new shares

4

It does not need to be calculated

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Q1.

What is reconstitution of a partnership firm?

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Q2.

What are the different modes of reconstitution of a partnership firm?

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Q3.

When can a new partner be admitted into a partnership firm?

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Q4.

What rights does a newly admitted partner acquire in a partnership firm?

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