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From the following particulars, calculate the new profit-sharing ratio of the partners: (a) Shiv, Mohan and Hari were partners sharing profits in the ratio of 5 : 5 : 4. Mohan died and his share was taken equally by Shiv and Hari. (b) P, Q and R were partners sharing profits in the ratio of 5 : 4 : 1. P died.
(a) Old Ratio (Shiv : Mohan : Hari) = 5 : 5 : 14 total → Mohan’s share = 5/14, taken equally (1 : 1) by Shiv and Hari, i.e. 5/28 each.
Shiv’s new share = 5/14 + 5/28 = 10/28 + 5/28 = 15/28. Hari’s new share = 4/14 + 5/28 = 8/28 + 5/28 = 13/28.
New Profit Ratio (Shiv : Hari) = 15 : 13
(b) Old Ratio (P : Q : R) = 5 : 4 : 1. P died; since no acquisition information is given, the new ratio is found by removing P’s share.
New Profit Ratio (Q : R) = 4 : 1
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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 6 Q.2 - Death of a Partner", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 6 - Death of a Partner.
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