# Question 02 Chapter 4 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question 02 Chapter 4 of +2-A

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. 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