Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Advertisement
Advertisement
Advertisement
Advertisement
Question 08 Chapter 5 of +2-Part-1
8. (NPS in different cases) Calculate the new ratios of partners in the following cases :
We are providing a solution of Question 11 Chapter 5 of +2 Part-1 in two formats. one is in Video format and another is in article format. Check out both formats as follows:
The video consists solution of question numbers from 1 to 11 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 08 from the flowing video by using time stamps of the video.
Calculation of new Profit Sharing ratio
| C’s share of profit | = | 1 |
| 6 |
| Share acquired from A | = | 1 |
| 24 | ||
| A’s New Share | = | 7 | - | 1 |
| 12 | 24 | |||
| = | 14 - 1 | |||
| 24 | ||||
| = | 13 | |||
| 24 |
| Share acquired from B | = | 1 |
| 8 |
| B’s new Share | = | 5 | - | 1 |
| 12 | 8 | |||
| = | 10 - 3 | |||
| 24 | ||||
| = | 7 | |||
| 24 |
| C’s new Share | = | 1 | + | 1 |
| 24 | 8 | |||
| = | 1 + 3 | |||
| 24 | ||||
| = | 4 | |||
| 24 |
| New Profit sharing Ratio | = | 13 | : | 7 | : | 4 |
(ii) Calculation of new Profit Sharing ratio
C’s share of profit = Sacrifice made by A and B
| A’s sacrifice for C | = | 1 | of | 3 |
| 5 | 5 | |||
| = | 1 | X | 3 | |
| 5 | 5 | |||
| = | 3 | |||
| 25 |
| A’s new Share | = | 3 | - | 3 |
| 5 | 25 | |||
| = | 15 - 3 | |||
| 25 | ||||
| = | 12 | |||
| 25 |
| B’s sacrifice for C | = | 2 | of | 2 |
| 5 | 5 | |||
| = | 2 | X | 2 | |
| 5 | 5 | |||
| = | 4 | |||
| 25 |
| B’s new Share | = | 2 | - | 4 |
| 5 | 25 | |||
| = | 10 - 4 | |||
| 25 | ||||
| = | 6 | |||
| 25 |
| C’s new Share | = | 3 | + | 4 |
| 25 | 25 | |||
| = | 3 + 4 | |||
| 25 | ||||
| = | 7 | |||
| 25 |
| New Profit sharing Ratio | = | 12 | : | 6 | : | 7 |
Thanks, Please Like and share with your friends
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 08 Chapter 5 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.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 08 Chapter 5 of +2 Part-1 - USHA Publication 12 Class Part - 1" instantly.
