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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Jiten and Rajiv are partners sharing profits in the ratio of 3 : 2. They admit Bikram as a partner for a 1/5th profit share. Determine the profit-sharing ratio after the admission of Bikram.
Bikram’s share = 1/5. Remaining share for Jiten and Rajiv = 1 – 1/5 = 4/5, shared in the old ratio 3 : 2.
New Profit-Sharing Ratio (Jiten : Rajiv : Bikram) = 12 : 8 : 5.
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.
This guide covers "T.S. Grewal Class 12 Chapter 4 Q.1 - Admission of a Partner", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 4 - Admission of a Partner.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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