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Question 16 Chapter 5 - Unimax Class 12 Part 1 - 2021
16. A and B are partners sharing profits in the ratio 3 : 2. A surrenders 1/6th of his share and B surrenders 1/4th of his share in favour of C, a new partner. What is the new ratio?
A’s new share =3/5-[1/6 X 3/5]
=3/5-1/10 =6-1/10 =5/10
B’s new share =2/5_[1/4 X 2/5]
=2/5_1/10 =4-1 =3/10
C’s new share =1/10 + 1/10
=2/10
New Profit Sharing Ratio = A : B : C
= 5 : 3 : 2 Ans.
This is all about the Question 16 Chapter 5 - Unimax Class 12 Part 1. You can check out the following article to better understand:
Change in Profit-Sharing Ratio Among the Existing Partners
You Can also read all above articles in Hindi on our Hindi Website
Change in Profit-Sharing Ratio Among the Existing Partners – In Hindi
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T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
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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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