Partnership A/c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2010
Dear Sir/Madam
M,N and O are partners sharing profit and losses in the ratio of 3:2:1. P joins the firm and gets 2/10th of share in the ratio of 1:1 from M and N calculate new ratio
ANS: 12:7:5:6
Please tell how to calculate?
M,N and O are partners sharing profit and losses in the ratio of 3:2:1. P joins the firm and gets 2/10th of share in the ratio of 1:1 from M and N calculate new ratio
ANS: 12:7:5:6
Please tell how to calculate?
CA HIREN JOGI
(Expert)
08 December 2010
The Answer is derived by a shortcut way like:
Particulars M N O P
Old Ration 3 2 1 -
Or we may say 3/6 2/6 1/6 -
Multiply by 5 (A) 15/30 10/30 5/30 -
New Ratio can be deducted from -1/10 -1/10 - +2/10
Multiply by 3 (B) -3/30 -3/30 - +6/30
Now (A) – (B) comes to 12/30 7/30 5/30 6/30
This is the shortcut method to solve such problems.
Hope you find this easy to understand.
Particulars M N O P
Old Ration 3 2 1 -
Or we may say 3/6 2/6 1/6 -
Multiply by 5 (A) 15/30 10/30 5/30 -
New Ratio can be deducted from -1/10 -1/10 - +2/10
Multiply by 3 (B) -3/30 -3/30 - +6/30
Now (A) – (B) comes to 12/30 7/30 5/30 6/30
This is the shortcut method to solve such problems.
Hope you find this easy to understand.
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