Q.No.12 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Question 12 Chapter 5 of +2-A

12. A and B are partners sharing profits in the ratio of 3: 2. C is admitted as a partner. The new profit-sharing ratio among A, B and C is 4 : 3: 2. Find out the sacrificing ratio

 

The solution of Question 12 Chapter 5 of +2-A

 

Old Ratio of A and B	=	3: 2
New Ratio of A, B, and C	=	4 : 3: 2

Sacrificing Share = Old Ratio - New Ratio

A’s Sacrificing Share	=	3	-	4
		5		9

=	7
		45

 

B’s Sacrificing Share	=	2	-	3
		7		9

=	3
		45

 

 

Sacrificing Share

=

7 : 3

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

• Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
• Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
• Chapter No. 3 – Goodwill: Nature and Valuation
• Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
• Chapter No. 5 – Admission of a Partner
• Chapter No. 6 – Retirement/Death of a Partner
• Chapter No. 7 – Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 8 – Company Accounts –  Accounting for Share Capital
• Chapter No. 9 – Company Accounts – Issue of Debentures
• Chapter No. 10 – Redemption of Debentures

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 1 – Financial Statements of a Company
• Chapter No. 2 – Financial Statement Analysis 
• Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
• Chapter No. 4 – Accounting Ratios
• Chapter No. 5 – Cash Flow Statement

 

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