Question 22 Chapter 5 - Unimax Class 12 Part 1 - 2021

Question 22 Chapter 5 - Unimax Class 12 Part 1 - 2021

22. A, B and C are partners in the ratio of 60%, 30% and 10% respectively. They admitted D for 25% share. Find out new ratio.

The solution of Question 22 Chapter 5 - Unimax Class 12 Part 1

Let total profit = 1
D’s Share =25%/100 =1/4
Remaining Share = 1 -1/4 =3/4
A’s new share =6/10 X 3/4 =18/40
B’s new share =3/10 X 3/4 =9/40
C’s new share =1/10 X 3/4 =3/40
D’s Share =1/4
New Profit Sharing Ratio = A : B : C : D
                                        = 18 : 9 : 3 : 10 Ans.

 

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