Ashu and Basu are partners sharing profits and losses in the ratio of 2:1. Chetan is admitted as a new partner with \( \frac{1}{4} \) share in the profits, which he acquires equally from Ashu and Basu. The new profit-sharing ratio between Ashu, Basu, and Chetan will be:

Question

Alfa Ltd. offered for public subscription 50,000 equity shares of ₹ 10 each at ₹ 110 per share. The entire amount was payable on application. Applications were received for 48,000 shares and allotment was made to all the applicants. The amount received on application will be:

Answer 1

1. Chetan receives \( \frac{1}{4} \), with \( \frac{3}{4} \) remaining for Ashu and Basu. 2. Ashu and Basu contribute equally to Chetan's share. Ashu's adjusted share is \( \frac{2}{3} \times \frac{3}{4} + \frac{1}{8} = \frac{13}{24} \). Basu's adjusted share is \( \frac{1}{3} \times \frac{3}{4} + \frac{1}{8} = \frac{5}{24} \). 3. Chetan's share is \( \frac{1}{4} \), equivalent to \( \frac{6}{24} \). The resulting ratio is \( 13:5:6 \). The correct option is (A).

Ashu and Basu are partners sharing profits and losses in the ratio of 2:1. Chetan is admitted as a new partner with \( \frac{1}{4} \) share in the profits, which he acquires equally from Ashu and Basu. The new profit-sharing ratio between Ashu, Basu, and Chetan will be:

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The Correct Option is A

Solution and Explanation

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