# Question 03 Chapter 4 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question 03 Chapter 4 of +2-A

3. 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 equally. Calculate each partner’s gain or sacrifice due to the change in ratio.

The solution of Question 03 Chapter 4 of +2-A

:

 Old Ratio of X, Y, & Z = 5 : 3 : 2 New Ratio of X, Y, & Z = 1 : 1 : 1

Calculate the Sacrificing or Gaining Ratio of Partners
Sacrificing or Gaining Ratio = Old Ratio – New Ratio

 X’s Share Sacrificing/Gaining = 5 – 1 10 3
 = 15 -10 30
 = 5 Sacrificing 30
 Y’s Share Sacrificing/Gaining = 3 – 1 10 3
 = 9- 10 30
 = -1 Gaining 10
 Y’s Share Sacrificing/Gaining = 2 – 1 10 3
 = 6 – 10 30
 = -4 Gain 10

 Sacrificing Share of X = 5 30
 Sacrificing Share of Y = 1 30
 Gaining Share of Z = 4 30

### 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