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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Calculate the new profit-sharing ratio: (a) Paras, Mohan and Hari shared profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Paras and Hari. (b) P, Q and R shared profits in the ratio of 5 : 4 : 1. P retires.
(a) Mohan’s share = 5/14, taken equally (1 : 1) → 5/28 each. Paras = 5/14 + 5/28 = 15/28; Hari = 4/14 + 5/28 = 13/28. New Ratio = 15 : 13.
(b) As no information is given, P’s share is struck out. New Ratio (Q : R) = 4 : 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 5 Q.2 - Retirement of a Partner", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 5 - Retirement 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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