New Ratio and Sacrificing Ratio MCQ - Partnership accounts
This MCQ Test on the calculation of new ratio and sacrificing ratio at the time of admission of a new partner has 15 practice questions. Test your knowledge about the various methods for the calculation of new ratio and the sacrificing ratio. The test covers conceptual questions for all the key methods for calculation of new ratio. This MCQ test suits well for conceptual clarity for your board exams
CBSE class 12 accountancy MCQ questions
The below MCQ test is designed as per the latest syllabus prescribed by CBSE board. With the rise in weightage of MCQ questions, the practice of MCQ questions becomes very important. The quiz is equally useful for students of CUET exams.
How to attempt the quiz
One by one go through the below questions and select the right option. Do all the questions and in the end press submit. Instantly you will get your score and the explanation against each question. Go through your mistakes and reattempt the quiz any number of times as needed.
MCQ Quiz
Question 1
New profit sharing ratio is related to:
Question 2
Sacrificing ratio is related to:
Question 3
The purpose of calculating sacrificing ratio is to:
Question 4
A and B are partners. C is admitted for 1/4 share. The sacrificing ratio between A and B is
Question 5
X and Y are partners in the ratio of 3:2. Z is admitted to partnership for 1/5 share. Z gets 1/4 of his share from X. How much share X has sacrificed
Question 6
S, B and J were partners in a firm in the ratio of 3:2:1. T was admitted as a partner in the partnership firm for 1/5th share of profits. How much is the remaining share to be distributed among the partners
Question 7
P and Q are partners in a firm sharing profits in the ratio of 5 : 3. R was admitted for 1/4th share in the profit, of which he took 75% from P and the remaining from Q. Calculate the sacrificing ratio of P and Q.
Question 8
A and B are partners sharing profits and losses in the proportion of 7 : 5. They admit C as partner for 1/6 share in profits. He takes this share as 1/24 from A and 1/8 from B. Calculate the sacrificing ratio.
Question 9
If profit sharing ratio among old partners remains unchanged after admission, it means:
Question 10
When new partner acquires 3/5 from one partner and 2/5 from another, this represents:
Question 11
A and B are partners sharing profits and losses in the proportion of 7 : 5. They admit C as partner A gifted 1/20 from his share to C. What is the share of C?
Question 12
A and B are partners in a firm sharing profits in the ratio of 7 : 4. C joins the firm. A surrenders 1/5th of his share and B 1/6th of his share in favour of C. Find the share sacrificed by B
Question 13
A, B and C are partners. They admit D as a new partner. B wants to retain his original share and does not want to sacrifice anything in favour of new partner
Question 14
When calculating sacrificing ratio from given goodwill amounts credited to partners, we:
Question 15
After admission, if an old partner's new share equals old share, it means he: