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Question 03 Chapter 6 of +2-Part-1
3. (NPS) Calculate new profit sharing ratio :
A, B, C and D were partners sharing profits in the ratio of 5: 4: 3: 2. A and C retire from the firm.
Calculation of new Profit Sharing ratio
Old profit sharing ratio of A , B, C & D = 5: 4 : 3: 2
Now A & C’s share shall be distributed b/w B & D in the relative ratio of 4: 2 , i.e,2:1
Hence, the New Profit sharing Ratio of B & D is 4: 2 or 2: 1
Comment if you have any questions.
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 "Question 03 Chapter 6 of +2 Part-1 - USHA Publication 12 Class Part - 1", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to USHA Publication +2 Part 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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