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hardMCQCUET Accountancy 2022 20 July Shift 12026Accountancy
1 mark

A and B are partners sharing profits in the ratio of . C is admitted as a partner and he acquires 25% of his share from A. B surrenders th from his share in favour of C. Calculate C's share in profit.

  1. A
  2. B
  3. C
  4. D

Solution & Step-by-step Explanation

Let C's total share be .C acquires 25% of his share from A, meaning the remaining 75% comes from B.B surrenders from his share. Old ratio of B = . Sacrifice by B = .This sacrifice by B represents 75% of C's share..Wait, "B surrenders 1/4th from his share", wait, if it means total of the firm. Let's recalculate based on standard interpretation:B's sacrifice = from his share directly? Let's check options.Assuming B's sacrifice = of his share = .If , then .If C gets 25% from A, then A gives .Total = . Not matching options.Alternative interpretation: "B surrenders from his share" means B gives directly.. This matches Option C exactly.

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A and B are partners sharing profits in the ratio of . C is admitted as a partner and he acquires 25% of his share from A. B surrenders th from his share in favour of C. Calculate C's share in profit.
A
B
C
D

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