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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Gautam and Yashica are partners sharing profits and losses in the ratio of 3 : 2. They admit Asma into partnership. Gautam gives 1/3rd of his share while Yashica gives 1/10th (of the total) from her share to Asma. Calculate the new profit-sharing ratio and sacrificing ratio.
Gautam’s sacrifice = 1/3 × 3/5 = 1/5; Yashica’s sacrifice = 1/10.
New Profit-Sharing Ratio = 12 : 9 : 9 = 4 : 3 : 3; Sacrificing Ratio (Gautam : Yashica) = 1/5 : 1/10 = 2 : 1.
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.14 - 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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