Question 03 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 03 Chapter 4 of +2- Part-

Question 03 Chapter 4 of +2-Part-1

3. (NPS/ Sacrifice and Gain) A, B and C are partners in 3:7:5 ratio. They decided to change their ratio as follows. A gave 1/15 from his share to C. B gave 2/15 from his share to A and 1/15 to C.
Find out new ratio and gain or sacrifice of each partner.

 

The solution of Question 03 Chapter 4 of +2 Part-1: – 

 

Calculate the A, B, & C New Profit sharing ratio: –

Sacrificing or Gaining Ratio = Old Ratio – New Ratio

 

A’s Gain = 2 5 2
15 15 15
  = 3 – 1 + 2
  15
  = 4  
  15
B’s New Share = 7 2 1
15 15 15
  = 7 – 2 – 1
  15
  = 4
  15
C’s New Share = 5 + 1 + 1
15 15 15
  = 5 + 1 + 1
  15
  = 7
  15

New Profit Ratio of A,B, & C = 4 : 4: 7

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

A’s Share Sacrificing/Gaining = 3 4
15 15
  = 3 – 4
  15
  = -1 (Gain)
  14

 

B’s Sacrifice = 7 4
15 15
  = 7 – 4
  15
  = -3 (Sacrifice)
  30

 

 

C’s Gain = 5 7
15 15
  = 5 – 7
  15
  = -2 (Gain)
  15

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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 03 Chapter 4 of +2 Part-1 - USHA Publication  12 Class Part - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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