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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Amit and Vidya are partners sharing profits in the ratio of 3 : 2. They admit Chintan into partnership, who acquires 1/5th of his share from Amit and 4/25th share from Vidya. Calculate the new profit-sharing ratio and sacrificing ratio.
Vidya’s sacrifice (4/25) is 4/5th of Chintan’s share, so Chintan’s share = 5/25 = 1/5, and Amit’s sacrifice = 1/5 × 1/5 = 1/25.
New Profit-Sharing Ratio = 14 : 6 : 5; Sacrificing Ratio (Amit : Vidya) = 1/25 : 4/25 = 1 : 4.
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.17 - 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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