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Table of Contents
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 | = | 1 | x | 1 |
| 3 | 6 | |||
| = | 1 | Gain of C | ||
| 6 |
| = | 1 | + | 1 | |
| 2 | 3 | |||
| = | 3 | |||
| 6 |
| And C’s New Share | = | 1 | + | 1 |
| 3 | 6 | |||
| = | 3 | |||
| 6 |
| So, New Profit sharing Ratio | = | 3 | : | 3 |
| 6 | 6 | |||
| = | 1 | : | 1 |
| (ii) B’s gain | = | 2 | x | 1 |
| 5 | 3 | |||
| = | 2 | |||
| 15 |
| C’s gain | = | 3 | x | 1 |
| 5 | 3 | |||
| = | 1 | |||
| 5 |
| Alternatively C’s gain | = | 1 | – | 2 |
| 3 | 15 | |||
| = | 1 | |||
| 5 |
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| So B’s New Share | = | 1 | + | 2 |
| 3 | 15 | |||
| = | 7 | |||
| 15 |
| And C’s New Share | = | 1 | + | 1 |
| 3 | 5 | |||
| = | 8 | |||
| 15 |
| So, New Profit sharing Ratio | = | 7 | : | 8 |
| 15 | 15 | |||
| = | 7 | : | 8 |
Comment if you have any questions.
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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 (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- 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
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
