Question 02 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Parat – 1

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 = 1 1
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 = 9 X 25
10 100
  = 9  
  40

 

Daman’s New Ratio = 9 X 75
10 10
  = 27
  40

 

Pawan’s New Ratio = 1 X 14
10 14
  = 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

Chapter No. 1 – Accounting Not for Profit Organisations

Chapter No. 2 – Partnership Accounts – I

Chapter No. 3 – Partnership Accounts – II (Introduction)

Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)

Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)

Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Chapter No. 1 – Financial Statements of a Company (Balance Sheet Only)

Chapter No. 2 – Techniques of Financial Statement Analysis

Chapter No. 3 – Ratio Analysis 

Chapter No. 4 – Cash Flow Statement

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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