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Question 12 Chapter 5 of Class 12 Part – 1 Usha Publication
12. (NPS in different cases) A and B are partners in a firm sharing profits and losses in the ratio of 3:2. C joins the firm for a quarter share in the future profits. Ascertain the future profit sharing ratio of partners in each of the following cases :
We are providing a solution of Question 12 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 12 to 23 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 12 from the flowing video by using time stamps of the video.
Calculation of new Profit Sharing ratio
| Let total profits of the firm | = | Rs 1 |
| C’s share | = | 1 |
| 4 |
| Remaining Share for A & B | = | 1 | - | 1 |
| 4 | ||||
| New Share | = | Remaining Share | X | Old share |
| = | 3 | |||
| 4 |
| A’s New Share | = | 3 | x | 3 |
| 4 | 5 | |||
| = | 9 | |||
| 20 |
| B’s New Share | = | 3 | x | 2 |
| 4 | 5 | |||
| = | 6 | |||
| 20 |
| C’s New Share | = | 1 | or | 5 |
| 4 | 20 |
| New Profit sharing Ratio | = | 9 | : | 6 | : | 5 |
(b)
| C’s share | = | 1 |
| 4 |
| A’s sacrifice | = | 1 | x | 1 |
| 4 | 2 | |||
| = | 1 | |||
| 8 |
| B’s sacrifice | = | 1 | x | 1 |
| 4 | 2 | |||
| = | 1 | |||
| 8 |
New Share = Old Share - Sacrifice Share
| A’s new Share | = | 3 | - | 1 |
| 5 | 8 | |||
| = | 19 | |||
| 40 |
| B’s new Share | = | 2 | - | 1 |
| 5 | 8 | |||
| = | 11 | |||
| 40 |
| C’s Share | = | 1 | or | 10 |
| 4 | 40 |
| New Ratio | = | 19 | : | 11 | : | 10 |
| 40 | 40 | 40 | ||||
| = | 19 | : | 11 | : | 10 |
(c)
| C’s share | = | 1 |
| 4 |
| A’s sacrifice | = | 1 | x | 2 |
| 4 | 5 | |||
| = | 2 | |||
| 20 |
| B’s sacrifice | = | 1 | x | 3 |
| 4 | 5 | |||
| = | 3 | |||
| 20 |
| A’s new Share | = | 3 | - | 2 |
| 5 | 20 | |||
| = | 10 | |||
| 20 |
| B’s new Share | = | 2 | - | 2 |
| 5 | 20 | |||
| = | 5 | |||
| 20 |
| C’s Share | = | 1 | or | 5 |
| 4 | 20 |
| New Ratio | = | 10 | : | 5 | : | 5 |
| 20 | 20 | 20 | ||||
| = | 10 | : | 5 | : | 5 |
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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.
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