Question 2 Chapter 6 of Class 12 Part – 1 2024
2. B, C, and D were partners sharing equally. D retired. Calculate new ratio if :
(i) B and C acquired D’s share equally.
(ii) B acquired 2/5 of D’s share and the remaining acquired by C.
We are providing a solution of Question 2 Chapter 6 of Class 12 Part – 1 2024 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 1 to 5 Chapter no. 6 class 12 of Usha publication. To check the direct solution of question no. 2 from the flowing video by using time stamps of the video.
Calculation of New Profit Sharing Ratio of B and C
| D’s Share | = | 1 |
| 3 |
| B’s Gain | = | 1 | X | 1 | |
| 3 | 2 | ||||
| = | 1 | ||||
| 6 |
| B’s Gain | = | 1 | X | 1 | |
| 3 | 2 | ||||
| = | 1 | ||||
| 6 |
| B’s New Share | = | 1 | + | 1 | = | 2 + 1 |
| 3 | 6 | 6 | ||||
| = | 3 | |||||
| 6 |
| C’s New Share | = | 1 | + | 1 | = | 2 + 1 |
| 3 | 6 | 6 | ||||
| = | 3 | |||||
| 6 |
| New Profit Sharing Ratio of B and C | = | 3 | : | 3 |
| 6 | 6 | |||
| = | 1 | : | 1 |
(ii) Calculation of New Profit Sharing Ratio of B and C when B acquired 2/5 of D’s share and the remaining acquired by C.
| D’s Share | = | 1 |
| 3 |
| B’s Gain | = | 1 | X | 2 | |
| 3 | 5 | ||||
| = | 2 | ||||
| 15 |
| C’s Gain | = | 1 | - | 2 | = | 5 - 2 |
| 3 | 15 | 15 | ||||
| = | 3 | |||||
| 15 |
| B’s New Share | = | 1 | + | 2 | = | 5 + 2 |
| 3 | 15 | 15 | ||||
| = | 7 | |||||
| 15 |
| C’s New Share | = | 1 | + | 3 | = | 5 + 3 |
| 3 | 15 | 15 | ||||
| = | 8 | |||||
| 15 |
| New Profit Sharing Ratio of B and C | = | 7 | : | 8 |
| 15 | 15 | |||
| = | 7 | : | 8 |
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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