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Question 09 Chapter 6 of +2-Part-1
9. (Share of Retiring Partner given in Proportionate to Remaining Partners) W, X, Y and 1Z are partners in 4: 5:6:5 ratio respectively. X and Z retires. X Share is taken by W and Y in 2: 1 , where as 25% of Z share is given to W and 75% is given to Y. Find out new ratio
Calculation of new Profit Sharing ratio
| Ratio = WXYZ | = | 4 | : | 5 | : | 6 | : | 5 |
| 20 | 20 | 20 | 20 |
X share 5/20 goes to W & Y in ratio 2 : 1
| W gets | = | 5 | x | 2 |
| 20 | 3 | |||
| = | 10 | |||
| 60 |
| Y gets | = | 5 | x | 1 |
| 20 | 3 | |||
| = | 5 | |||
| 60 |
Z’s share 5/20 goes to W & Y in 25 % & 75 % ratio
| W gets | = | 5 | x | 1 |
| 20 | 4 | |||
| = | 5 | |||
| 80 |
| Y gets | = | 5 | x | 3 |
| 20 | 4 | |||
| = | 15 | |||
| 80 |
New share
W = Old share + Received from X + Received from Z
| W's New Share | = | 4 | + | 10 | + | 5 | = | 103 |
| 20 | 60 | 80 | 240 |
| Y's New Share | = | 6 | + | 5 | + | 15 | = | 137 |
| 20 | 60 | 80 | 240 |
| So, New Ratio of W & Y | = | 103 | : | 137 |
| 240 | 240 | |||
| = | 103 | : | 137 |
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 09 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.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 09 Chapter 6 of +2 Part-1 - USHA Publication 12 Class Part - 1" instantly.
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