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: Understanding the Concept:
When a new partner is admitted, he takes a share of profit from the old partners. The part each old partner gives up is called the sacrifice. The ratio of the sacrifices is the sacrificing ratio.

Step 2: Key Rule:
If nothing is said about how the share is taken, the new partner is taken to have got it from the old partners in their old profit sharing ratio. Each old partner then sacrifices in proportion to his old share.
So the sacrificing ratio equals the old ratio.

Step 3: Check option (1).:
This matches the rule. So (1) is correct.

Step 4: Check option (2).:
The gaining ratio is used when a partner retires or dies and the rest gain his share. It is not used on admission. So (2) is wrong.

Step 5: Check option (3).:
Capital contribution ratio has no role in deciding the sacrifice. So (3) is wrong.

Step 6: Check option (4).:
Equal ratio is used only when the partners are told to share equally. So (4) is wrong.

Final Answer:
The new partner gets his share in the old partners' profit sharing ratio. Option (1). \[ \boxed{\text{In their profit sharing ratio}} \]