# Question 08 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-8 - CH-5 - Usha +2 Book 2018 - Solution

Question 08 Chapter 5 of +2-Part-1

8. (NPS in different cases) Calculate the new ratios of partners in the following cases :

1. A and B are partners sharing profits and losses in the proportion of 7:5. They agree to admit C their manager into partnership who is to get size 1/6th in the profits. He acquires this share as 1/24 from A and 1/ 8 from B.
2. A and B are partners in firms sharing profit and losses in the ratio of 3:2. A new partner C is admitted. A surrenders 1/5th share of his profit in favor of C and B 2/5th of his share in favor of C.

We are providing a solution of Question 11 Chapter 5 of +2 Part-1 in two formats. one is in Video format and another is in article format. Check out both formats as follows:

### 1. Check out the Solution of this question in Video Format:-

The video consists solution of question numbers from 1 to 11 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 08 from the flowing video by using time stamps of the video.

Day - 80 | Solution of Questions Admission of a Partner | Chapter No. 5 | Accounts class 12 | PSEB |

## The solution of Question 08 Chapter 5 of +2 Part-1: –

Calculation of new Profit Sharing ratio

 C’s share of profit = 1 6
 Share acquired from A = 1 24
 A’s New Share = 7 – 1 12 24 = 14 – 1 24 = 13 24
 Share acquired from B = 1 8
 B’s new Share = 5 – 1 12 8 = 10 – 3 24 = 7 24

 C’s new Share = 1 + 1 24 8 = 1 + 3 24 = 4 24
 New Profit sharing Ratio = 13 : 7 : 4

(ii) Calculation of new Profit Sharing ratio
C’s share of profit = Sacrifice made by A and B

 A’s sacrifice for C = 1 of 3 5 5 = 1 X 3 5 5 = 3 25
 A’s new Share = 3 – 3 5 25 = 15 – 3 25 = 12 25
 B’s sacrifice for C = 2 of 2 5 5 = 2 X 2 5 5 = 4 25
 B’s new Share = 2 – 4 5 25 = 10 – 4 25 = 6 25
 C’s new Share = 3 + 4 25 25 = 3 + 4 25 = 7 25
 New Profit sharing Ratio = 12 : 6 : 7

Comment if you have any questions.

End of Solution

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The solution to all questions of Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

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## Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

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)

## Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.