# Question 05 Chapter 6 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Q-05- CH-6 - T.S. Grewal +2 Book 2019 - Solution

Question 05 Chapter 6 of +2-A

05. X, Y and Z are partners sharing profits in the ratio of 1/2, 3/10, and 1/5. Calculate the gaining ratio of remaining partners when Y retires from the firm.

## The solution of Question 05 Chapter 6 of +2-A: –

 Old Ratio A, B and C = 1 : 3 : 1 2 10 5

New Ratio after Y’s retirement = 5 : 2
Gaining Share = New Share – Old Share

 X’s Gain = 5 – 5 7 10
 = 50 –  35 70
 = 15 70

 Z’s Gain = 2 – 2 7 10
 = 20 – 14 70
 = 6 70

∴Gaining Ratio = 15 : 6 or 5: 2

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