HomeTestsSearchRankProfile

Profit Sharing Ratio Questions

Practice 7 Profit Sharing Ratio questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

📚
7
Total Questions
🟢
1
Easy
🟡
6
Medium
🔴
0
Hard
Practice by Exam:CUET Accountancy(4)Accountancy(3)

About Profit Sharing Ratio — practice questions, PYQs & concepts

Profit Sharing Ratio is a frequently-tested topic on CUET Accountancy, Accountancy. ExamTest.live currently lists 7 Profit Sharing Ratio questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Profit Sharing Ratio weight in competitive exams

Across our Profit Sharing Ratio question bank, the largest sources are CUET Accountancy (4) and Accountancy (3). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 1 easy Profit Sharing Ratio questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Profit Sharing Ratio Questions(1–7 of 7)

Filter:
Q1easymcqCUET AccountancyCUET Accountancy 16 July Shift 22026
In the absence of a Partnership deed, partners share profits and losses in:
Q2mediummcqCUET AccountancyCUET Accountancy 2025 15 May Shift 12026
A and B are partners sharing profits in the ratio of 2:1. C is admitted into the firm for 1/4 share of profits. C brings in Rs. 20,000 in respect of his capital. The capitals of old partners A and B, after all adjustments relating to goodwill, revaluation of assets and liabilities, etc., are Rs. 45,000 and Rs. 15,000 respectively. It is agreed that partners' capitals should be according to the new profit sharing ratio. Determine the new profit sharing ratio
Q3mediummcqAccountancyCUET Accountancy 2025 22 May Shift 22026
Abhiram and Ragini are partners sharing profits in the ratio of . They admit Arun as a new partner for share in the future profits of the firm which he gets equally from Abhiram and Ragini. Calculate the new profit sharing ratio of Abhiram, Ragini and Arun.
Q4mediummcqAccountancyCUET Accountancy 2025 22 May Shift 22026
Naveen, Suresh and Tarun are partners sharing profits and losses in the ratio of . Tarun retires from the firm and his share was taken over by Naveen and Suresh in the ratio . In such a case, the new profit sharing ratio will be:
Q5mediummcqCUET AccountancyCUET Accountancy 2025 2 June Shift 22026
Naveen, Suresh, and Tarun are partners sharing profits and losses in the ratio of . Tarun retires from the firm, and his share is taken over by Naveen and Suresh in the ratio of . Calculate the new profit-sharing ratio.
Q6mediummcqCUET AccountancyCUET Accountancy 2025 2 June Shift 22026
Abhiram and Ragini are partners sharing profits in the ratio of . They admit Arun as a new partner for a share in the future profits of the firm. Arun acquires this share equally from Abhiram and Ragini. Calculate the new profit-sharing ratio of Abhiram, Ragini, and Arun.
Q7mediummcqAccountancyCUET Accountancy 2025 3 June Shift 22026
Which among the following is NOT true for the New Profit Sharing Ratio?

Frequently Asked Questions

How many Profit Sharing Ratio questions are on ExamTest.live?▼
We have 7 Profit Sharing Ratio questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Profit Sharing Ratio MCQs free?▼
Yes. All Profit Sharing Ratio questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Profit Sharing Ratio questions?▼
Profit Sharing Ratio questions are commonly asked in CUET Accountancy, Accountancy. You can filter by exam using the links above.
How do I practice Profit Sharing Ratio questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.