What is meant by New Profit-sharing Ratio in case of admission of a partner? Post category:Accountancy Reading time:1 mins read SOLUTION The ratio in which all partners, including the incoming partner, will share the profits and losses in future is known as New Profit-sharing Ratio. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostAt the time of admission of a new partner in the firm, the new partner compensates the old partners for their loss of share in the Super Profits of the firm for which he brings in an additional amount which is known as__. (CBSE 2020) Next PostHow is Sacrificing Ratio calculated? You Might Also Like Pass Journal entries for the following: (a) Realisation expenses amounted to Rs. 10,000 were paid by the firm on behalf of Alok, a partner, with whom it was agreed at Rs. 7,500. (b) Realisation expenses amounted to Rs. 5,000. It was agreed that the firm will pay Rs. 2,000 and balance by Ravinder, a partner. (c) Dissolution expenses amounted to Rs. 10,000 were paid by Amit, a partner, on behalf of the firm. July 25, 2022 State with reason whether ‘Old furniture written off would result into inflow / outflow or no flow of cash. October 6, 2022 Trade Receivables turnover ratio of a Company is 3 times, State, giving reason, whether this ratio will (a) increase, (b) decrease, or (c) not alter because of Credit Revenue from Operations of Rs. 50,000. October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.