 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.

## 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 roman 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 roman 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.

Also, Check out the solved question of previous Chapters: –

## Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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