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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Gold and Silver are partners sharing profits and losses in the ratio of 2 : 5. They admit Copper on the condition that he will bring ₹14,000 as his share of goodwill, to be distributed between Gold and Silver. Copper’s share in future profits will be 1/4th. What will be the new profit-sharing ratio, and what amount of the goodwill brought in by Copper will be received by Gold and Silver?
Copper’s share = 1/4. Remaining 3/4 shared by Gold and Silver in 2 : 5.
New Profit-Sharing Ratio = 6 : 15 : 7.
Sacrificing Ratio (Gold : Silver) = 2/28 : 5/28 = 2 : 5, so goodwill ₹14,000 is shared: Gold = ₹14,000 × 2/7 = ₹4,000; Silver = ₹14,000 × 5/7 = ₹10,000.
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.19 - 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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