1 Profit Sharing Ratio questions from CUET Accountancy 2025 15 May Shift 1 with detailed answers and explanations. Free previous year questions and MCQs.
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Profit Sharing Ratio — CUET Accountancy 2025 15 May Shift 1(1–1 of 1)
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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
CUET Accountancy 2025 15 May Shift 1 Profit Sharing Ratio — FAQ
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Visit /tag/profit-sharing-ratio to see all Profit Sharing Ratio questions across all exams including CUET Accountancy 2025 2 June Shift 2, CUET Accountancy 2025 22 May Shift 2, CUET Accountancy 16 July Shift 2.