Yield and limiting reagent

The main objective of preparative experiments is to obtain a good yield of the desired substance.   It is common to use one of the reactants, usually the less expensive one, in excess to that required by the balanced equation for the reaction.  

The percentage yield compares the mass(m) or amount(n) of substance actually obtained with the mass or amount of substance that is the theoretical yield.
 
% yield =n(product) actual× 100%
n(product) in theory
% yield =m(product) actual× 100%
m(product) in theory
 
 
The amount of reaction that occurs, and therefore the amount of product formed, is limited by the reactant present in smaller amount, and this reactant is known as the limiting reactant.  As shown below, the theoretical amount of product that can be formed from a known amount of limiting reactant depends on the coefficients in the balanced equation for the reaction.
 
In the reaction below CH3CO2H is the limiting reactant,  
Note that the limiting reagent determines the change due to reaction.
The change due to reaction determines the theoretical yield of CH3CO2CH3 which in this case is 1 mol.
 
 CH3OH+CH3CO2HCH3CO2CH3+H2O
Initial amounts/mol2 1 0 0
Change due to reaction/mol-1 -1 +1 +1
Final amounts/mol1 0 1 1