Question 01 Chapter 5 of +2- Part-

Question 01 Chapter 5 of +2-Part-1

01. (NPS) X and Y are partners in 8:5 ratio. Z is admitted for 1/5th share. Find out the new ratio.

 

The solution of Question 01 Chapter 5 of +2 Part-1: – 

Old Ratio of X and Y=8 : 5
Z is admitted for 1/5 share of profit  

Let the total share of the business = 1

Remaining share of X & Y after Z’s Admission = Total Share – Z’s Share

Remaining share=11
5
 =5 – 1
 5
 =4 
 5

To Calculate to New Ratio distribute the remaining share in the old ratio of old partners’

New Ratio = Combined share of X and Y x Old Ratio


X’s New Ratio=4X8
513
 =32 
 65

 

Y’s New Ratio=4X5
513
 =20
 65

 

Z’s New Ratio=1X13
513
 =13
 65

New Profit sharing Ratio between X, Y and Z = 32: 20: 13

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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 - Question 01 Chapter 5 of +2 Part-1 - USHA Publication  12 Class Parat - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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