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

Question 01 Chapter 4 of +2- Part-

Question 01 Chapter 4 of +2-Part-1

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 Share Sacrificing/Gaining = 3 1
5 2
  = 6 – 5
  10
  = 1 (Sacrifice)
  10

 

A’s Share Sacrificing/Gaining = 2 1
5 2
  = 4 – 5
  10
  = -1 (Gaining)
  10

 

Thanks, Please Like and share with your friends  

Comment if you have any questions.

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 - Question 01 Chapter 4 of +2 Part-1 - USHA Publication  12 Class Part - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

Leave a Reply