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Question 01 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 01 Chapter 4 of +2- Part-
Q-1 - CH-4 - Usha +2 Book 2018 - Solution

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Question 01 Chapter 4 of +2-Part-1

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1. (NPS/ Sacrifice and Gain) A and B were partners in a firm sharing profits in the ratio of 3:2, with effect from 1st January, they agreed to share profits equally. For this purpose, the goodwill of the firm was valued at Rs.30,000. Calculate sacrifice/gain.

The solution of Question 01 Chapter 4 of +2 Part-1: – 

Old Ratio of A & B=3: 2
New Ratio of A & B=1: 1

Calculate the Sacrificing or Gaining Ratio of Partners

Sacrificing or Gaining Ratio = Old Ratio – New Ratio

A’s  Sacrificing/Gaining Share=31
52
 =6 – 5
 10
 =1(Sacrifice)
 10

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B’s  Sacrificing/Gaining Share=21
52
 =4 – 5
 10
 =-1(Gaining)
 10

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Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

+2 Book 1-min
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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