Question 16 Chapter 5 of Class 12 Part – 1 Usha Publication
16. (Different cases of NPS)
(i)Singh and Pandit are partners in a 4:1 ratio. They admitted Maulavi as a partner. The net profit ratio is 5:3:2. Find out the Gaining and sacrifice ratio of old partners.
(ii) Flower and plants are partners sharing profits of 60 paise and 40 paise in a rupee. Thorn is a new partner admitted. The following is the arrangement for sharing profits.
| Flower | Plant | Thorn | Reserve |
| 2/10 | 5/10 | 2/10 | 1/10 |
Find out sacrifice or gain.
We are providing a solution of Question 16 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. 16 from the flowing video by using time stamps of the video.
(i) Calculation of gaining and sacrifice ratio
| Gain (Sacrifice) of Singh | = | 4 | - | 5 |
| 5 | 10 | |||
| = | 3 | Sacrifice | ||
| 10 |
| Gain /Sacrifice) of Pandit | = | 1 | - | 3 |
| 5 | 10 | |||
| = | 1 | Gain | ||
| 10 |
So Singh sacrificed 3/10 but pandit gained 1/10 share.
(ii) Calculation of gaining and sacrifice ratio
| Old profit sharing ratio of flower and plant 60:40 or | 3 | : | 2 | . New Profit sharing ratio |
| 5 | 5 |
| Flower | 2 | Plant | 5 | Plant | 2 | After transferring | 1 | After transferring |
| 9 | 9 | 9 | 10 |
| Plant’s sacrifice | = | 2 | (40%) | - | 5 |
| 5 | 9 | ||||
| = | 7 | Gain | |||
| 45 |
| Flower’s sacrifice | = | 17 |
| 45 |
| Plant’s sacrifice | = | 7 |
| 45 |
Sacrifice = Old share – New share
| Flower’s Sacrifice | = | 3 | - | 2 |
| 5 | 9 | |||
| = | 17 | Sacrifice | ||
| 45 |
| Plant’s Sacrifice/ Gain | = | 2 | - | 5 |
| 5 | 9 | |||
| = | 7 | Gain | ||
| 45 |
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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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