Question 04 Chapter 5 of +2- Part-

Question 04 Chapter 5 of +2-Part-1

4. X and Y are partners in a firm sharing profit in the ratio 5:3. they admitted Z as partner for ¼ share in the profit Z acquired his share from X and Y in the ratio of 3:1 calculate new profit sharing ratio

The solution of Question 04 Chapter 5 of +2 Part-1: – 

Calculation of new Profit Sharing ratio

Z’s Ratio=1
 4
Share required from X=1X3
44
     
 =3  
  16  
Share required from Y=1X1
44
     
 =1  
  16  

 

X’s New Share=53
816
     
 =7  
  16  
Y’s new share=31
816
     
 =5  
  16  
Z’s share=1
4
New Profit sharing Ratio=7:5 4
161616
       
 =7:5:4

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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 04 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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