Question 18 Chapter 5 of Class 12 Part – 1 Usha Publication
18. (NPS) X , Y and Z are partners in 7:3:2. O is admitted . He gets 1/12 from X and 1/24 from Z . X also gave 2/12 to Z and Y gets 1/24 from Z . Find the new ratio.
We are providing a solution of Question 18 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. 18 from the flowing video by using time stamps of the video.
Calculation of new Profit Sharing ratio
Old Profit Sharing ratio of X , Y and Z = 7:3:2
| X’s Sacrifice | = | 1 | to | O | and | 2 | to | Z |
| 12 | 12 | |||||||
| X’s new share | = | 7 | - | 1 | + | 2 |
| 12 | 12 | 12 | ||||
| = | 4 | or | 8 | |||
| 12 | 24 | |||||
| = | 1 | |||||
| Z’s sacrifice for Y | 24 |
Z’s Share = Old Share + Acquired from X - ( Sacrifice for O Sacrifice for Y )
| Z’s new share | = | 2 | - | 2 | - | 1 | : | 1 |
| 12 | 12 | 24 |
| X’s sacrifice for B | = | 8 - 2 | |
| 24 | |||
| = | 6 | ||
| 24 |
| Y’s new share | = | 3 | + | 1 |
| 12 | 24 | |||
| = | 7 | |||
| 24 |
| O’s share | = | 1 | + | 1 |
| 12 | 24 | |||
| = | 3 | |||
| 24 |
| New Profit sharing ratio | = | 8 | : | 7 | : | 6 | : | 3 |
| 24 | 24 | 24 | 24 | |||||
| New Profit sharing Ratio | = | 8 | : | 7 | : | 6 | : | 3 |
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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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