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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question 02 Chapter 4 of +2-A
2. X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect
from 1st April, 2019, they decide to share profits and losses in the ratio of
5 : 2 : 3. Calculate each partner’s gain or sacrifice due to the change in ratio.
| Old Ratio of X, Y, & Z | = | 5 : 3 : 2 |
| New Ratio of X, Y, & Z | = | 5 : 2 : 3 |
Calculate the Sacrificing or Gaining Ratio of Partners
Sacrificing or Gaining Ratio = Old Ratio - New Ratio
| X’s Share Sacrificing/Gaining | = | 5 | - | 5 |
| 10 | 10 |
| = | 5 -5 |
| 10 |
| = | Nil |
| Y’s Share Sacrificing/Gaining | = | 3 | - | 2 |
| 10 | 10 |
| = | 3 - 2 |
| 10 |
| = | 1 | Sacrificing |
| 10 |
| Y’s Share Sacrificing/Gaining | = | 2 | - | 3 |
| 10 | 10 |
| = | 2 - 3 |
| 10 |
| = | -1 | Gain |
| 10 |
| Sacrificing Share of Y | = | 1 |
| 10 |
| Gaining Share of Z | = | 1 |
| 10 |
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Q.No.2 | Chapter 4 – Change in Profit-Sharing Ratio Among the Exiting Partners | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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