Question 4 Chapter 4 of Class 12 Part - 1 VK Publication

Question 4 Chapter 4 of Class 12 Part - 1

4. W and U shared profits and losses in the ratio of 3:1. They admitted V as a new partner in whose favour W surrendered half of his share and U surrendered 1/6th of his share. Calculate the new profit-sharing ratio.

The solution of Question 4 Chapter 4 of Class 12 Part - 1: -

Old Ratio of W and U = 3:1

W surrenders half of his share in favour of V	=	3	x	1
		4		2

=	3
	8

W's New Share	=	3	-	3
		4		8

=	3
	8

U surrenders 1/6th of his share in favour of V	=	1	x	1
		4		6

=	1
	24

U's New share	=	1	-	1
		4		24

=	5
	24

V's Share	=	3	+	1
		8		24

=	10
	24

New shares of W, U and V = 9:5:10

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Also, Check out the solved question of previous Chapters: -

Usha Publication - Accountancy PSEB (Class 12) - Volume I - Solution

• Chapter No. 1 - Accounting Not for Profit Organisations
• Chapter No. 2 - Partnership Accounts - I (Introduction)
• Chapter No. 3 - Partnership Accounts - II (Goodwill: Nature and Valuation)
• Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)
• Chapter No. 5 - Partnership Accounts - IV (Admission of A Partner)
• Chapter No. 6 - Partnership Accounts - V (Retirement and Death of A Partner)
• Chapter No. 7 - Partnership Accounts - VI (Dissolution of Partnership Firm)
• Chapter No. 8 - Company Accounts (Share Capital)
• Chapter No. 9 - Company Accounts (Issue of Debentures)
• Chapter No. 10 - Company Accounts (Redemption of Debentures)

Usha Publication - Accountancy PSEB (Class 12) - Volume II - Solution

• Chapter No. 1 - Financial Statements of a Company
• Chapter No. 2 - Financial Statement Analysis
• Chapter No. 3 –  Tools of Financial Statement Analysis- Comparative and Common Size
• Chapter No. 4 - Ratio Analysis
• Chapter No. 5 - Cash Flow Statement

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