Question 02 Chapter 6 of +2- Part-

Question 02 Chapter 6 of +2-Part-1

2. (Different Cases of NPS) B, C, and D were partners sharing equally. D retired. Calculate now ratio if :
(i) Band C acquired D’s share equally.
(ii) B acquired 2/5 of D’s share and the remaining acquired by C.

The solution of Question 02 Chapter 6 of +2 Part-1: –

Calculation of new Profit Sharing ratio

(i) D’s share=1
3
Thus gain of B=1x1
36
     
 =1 Gain of C
 6  
 =1+1
23
     
 =3  
 6  
And C’s New Share=1+1
36
     
 =3  
 6  
So, New Profit sharing Ratio =3:3
66
     
 =1:1
(ii) B’s gain=2x1
53
     
 =2  
 15  
C’s gain=3x1
53
     
 =1  
 5  
Alternatively C’s gain=12
315
     
 =1  
 5  
So B’s New Share=1+2
315
     
 =7  
 15  
And C’s New Share=1+1
35
     
 =8  
 15  
So, New Profit sharing Ratio =7:8
1515
     
 =7:8

Comment if you have any questions.

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 6 of +2 Part-1 - USHA Publication 12 Class Part - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firm

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