Q.No.3 | Chapter 4 – Change in Profit-Sharing Ratio Among the Exiting Partners | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1 | Tutorstips
Q.No.3 | Chapter 4 – Change in Profit-Sharing Ratio Among the Exiting Partners | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1
By Sarbjit Singh (B.Com and M.Com)|Published: 9 September 2020|Last Updated: 23 June 2026|T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1Chapter No. 4 – Change in Profit-Sharing Ratio Among the Exiting Partners
Focus Topic:Q.No.3 | Chapter 4 – Change in Profit-Sharing Ratio Among the Exiting Partners | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1
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Question 03 Chapter 4 of +2-A
3. 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 equally. Calculate each partner's gain or sacrifice due to the change in ratio.
The solution of Question 03 Chapter 4 of +2-A:
Old Ratio of X, Y, & Z
=
5 : 3 : 2
New Ratio of X, Y, & Z
=
1 : 1 : 1
Calculate the Sacrificing or Gaining Ratio of Partners Sacrificing or Gaining Ratio = Old Ratio - New Ratio
X’s Share Sacrificing/Gaining
=
5
-
1
10
3
=
15 -10
30
=
5
Sacrificing
30
Y’s Share Sacrificing/Gaining
=
3
-
1
10
3
=
9- 10
30
=
-1
Gaining
10
Y’s Share Sacrificing/Gaining
=
2
-
1
10
3
=
6 - 10
30
=
-4
Gain
10
Sacrificing Share of X
=
5
30
Sacrificing Share of Y
=
1
30
Gaining Share of Z
=
4
30
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms
👤
Author & Educator
Sarbjit SinghB.Com and M.Com
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.
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