Accounts Query

609 views 3 replies

Amit,Rohith & Sumit are partners sharing sharing profit & losses in the ratio of 5:4:3. Sumit retries and if Amit & Rohit shares profit of Sumit in 4:3, the NPSR will be?

Replies (3)

Sumit's share of the profit is 3/(5+4+3) = 3/12 = 1/4. i.e divide 4:3 into Amit and Rohit. Amit gets  4/7 of Sumit's share 1/7 of the total profit (in addition to the amount he already got). Rohit gets (3/(4+3)) = 3/7 of Sumit's share, (3/7)(1/4) = 3/28 of the total profit (in tallying to the amount s/he already got).



Amit's new share is 5/(5+4+3) + 1/7 = 5/12 + 1/7 = (35+12)/84 = 47/84 of the total profit.



Rohit's new share is 4/(5+4+3) + 3/28 = 4/12 + 3/28 = 1/3 + 3/28 = (28+9)/84 = 37/84 of the total profit.



The new profit sharing ratio is (47/84):(37/84) = 47:37.

i am agree from vinnzz............

Well explained by Vinnzz, agree.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details