Question 02 Chapter 5 of +2- Part-

Question 02 Chapter 5 of +2-Part-1

2. (NPS)Raman and Daman are partners sharing profits 25% and 75%. Pawan was admitted for 10% share in profits. Find out the new ratio.

 

The solution of Question 02 Chapter 5 of +2 Part-1: – 

Old Ratio of Raman and Daman=8: 5
Pawan is admitted for 10% i.e.1/10 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
10
 =10 – 1
 10
 =9 
 10

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


Raman’s New Ratio=9X25
10100
 =9 
 40

 

Daman’s New Ratio=9X75
1010
 =27
 40

 

Pawan’s New Ratio=1X14
1014
 =14
 40

New Profit sharing Ratio between X, Y and Z = 9: 27: 14

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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 02 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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