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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
A and B are partners sharing profits and losses in the proportion of 7 : 5. They agree to admit C, their manager, into partnership, who is to get a 1/6th share in the profits. He acquires this share as 1/24th from A and 1/8th from B. Calculate the new profit-sharing ratio.
New Share = Old Share – Share sacrificed:
New Profit-Sharing Ratio (A : B : C) = 13 : 7 : 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.3 - 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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