Question 18 Chapter 5 - Unimax Class 12 Part 1 - 2021

Question 18 Chapter 5 - Unimax Class 12 Part 1 - 2021

18. A, B and C are partners sharing profits and losses in the ratio 3 : 2 : 1. Upon admission of D, they agreed to share as 4 : 4 : 2 : 2. Calculate sacrificing ratio.

The solution of Question 18 Chapter 5 - Unimax Class 12 Part 1

A’s Sacrifice =3/6_4/12
          =6-4/12 =1/6
B’s Sacrifice =2/6_4/12 =4-4/12 =0
C’s Share =1/6_2/12 =2-2/12 =0
Ans. Only A has sacrificed 1/6th of his share.

 

https://tutorstips.com/what-is-partnership/

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

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication