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?
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Form 27Q Correction statement taking too long to update on IT Portal
- Scrutiny assessments u/s 143(2) for AY 25-26
- TDS related Query_Liquidated Damages
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
