Question

If nothing is specified as to how does the new partner acquire his share from the old partners; it may be assumed that he gets it from them:

• A. In their profit sharing ratio
• B. In their gaining ratio
• C. In their capital contribution ratio
• D. In equal ratio

Hint:

On admission, with nothing stated, old partners sacrifice in their old profit sharing ratio.

Answer 1

The Correct Option is A

Step 1: A quick example:
Say A and B share profits 3:2 and C gets 1/5 as a new partner. With no other information, A and B each give up a part of their share in proportion to 3:2.

Step 2: Work out the numbers:
A gives $\frac{3}{5} \times \frac{1}{5} = \frac{3}{25}$. B gives $\frac{2}{5} \times \frac{1}{5} = \frac{2}{25}$. So A and B sacrifice in the ratio 3:2, the same as their old ratio.

Step 3: General conclusion:
With no specific agreement, sacrificing ratio equals old profit sharing ratio. This is the default treatment used in admission problems.

Step 4: Other options:
Gaining ratio belongs to retirement. Capital ratio and equal ratio are not default rules.

Final Answer:
\[ \boxed{\text{Option 1}} \]