Question 02 Chapter 4 of +2-A
Table of Contents
2. X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect
from 1st April, 2019, they decide to share profits and losses in the ratio of
5 : 2 : 3. Calculate each partner’s gain or sacrifice due to the change in ratio.
The solution of Question 02 Chapter 4 of +2-A:
| Old Ratio of X, Y, & Z | = | 5 : 3 : 2 |
| New Ratio of X, Y, & Z | = | 5 : 2 : 3 |
Calculate the Sacrificing or Gaining Ratio of Partners
Sacrificing or Gaining Ratio = Old Ratio – New Ratio
| X’s Share Sacrificing/Gaining | = | 5 | – | 5 |
| 10 | 10 |
| = | 5 -5 | |
| 10 |
| = | Nil |
|
| Y’s Share Sacrificing/Gaining | = | 3 | – | 2 |
| 10 | 10 |
| = | 3 – 2 | |
| 10 |
| = | 1 | Sacrificing |
|
| 10 |
| Y’s Share Sacrificing/Gaining | = | 2 | – | 3 |
| 10 | 10 |
| = | 2 – 3 | |
| 10 |
| = | -1 | Gain |
|
| 10 |
| Sacrificing Share of Y | = | 1 |
| 10 |
| Gaining Share of Z | = | 1 |
| 10 |
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
