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Question 05 Chapter 5 of +2-A
5. Bharati and Astha were partners sharing profits in the ratio of 3 : 2. They admitted Dinkar as a new partner for 1/5th share in the future profits of the firm which he got equally from Bharati and Astha. Calculate the new profit-sharing ratio of Bharati, Astha and Dinkar
| Old Ratio of Bharati and Astha | = | 3 : 2 |
Dinkar is admitted for 1/5th share of profit which he got equally from the both
In this case we have to calculate the sacrificing share of both partners with the following formula and then subtract this share from the profit share of old partners: -
Sacrificing Share of Old Partners = New Partner’s Share X Sacrificed Ratio
| Bharati Sacrificing Share | = | 1 | X | 1 |
| 5 | 2 |
| = | 1 |
| 10 |
| Astha Sacrificing Share | = | 1 | - | 1 |
| 5 | 2 |
| = | 1 |
| 10 |
New Ratio of Old Partners = Old Ratio - Sacrificed Ratio
| Bharati New Profit Share | = | 3 | - | 1 |
| 5 | 10 |
| = | 6 - 1 |
| 10 |
| = | 5 |
| 10 |
| Astha New Profit Share | = | 2 | - | 1 |
| 5 | 10 |
| = | 4 - 1 |
| 10 |
| = | 3 |
| 10 |
| Astha New Profit Share | = | 1 | X | 2 |
| 5 | 2 |
| = | 2 |
| 10 |
| New Profit sharing Ratio between All partners | = | 2 : 3 : 2 |
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.5 | Chapter 5 – Admission of Partner | 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.
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