Advertisement

Question 08 Chapter 6 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question 08 Chapter 6 of +2-A
Question No.08 Chapter No.6 - T.S. Grewal +2 Book 2019-Solution

Advertisement

Question 08 Chapter 6 of +2-A

Advertisement

08. A, B, and C were partners in a firm sharing profits in the ratio of 8 : 4 : 3. B retires and his share is taken up equally by A and C. Find the new profit-sharing ratio

 

The solution of Question 08 Chapter 6 of +2-A: –

 

Advertisement-X

Old Ratio A, B and C = 8 : 4 : 3
B retires from the firm

His profit share=4
15

B’s share taken by A and C in ratio of 1 : 1

 

Share taken by A=4X1
152
 =2
 30

 

Share taken by C=4X1
152
 =2
 30

New Ratio = Old Ratio + Share acquired from B

A’s New Share=8+2
1515
 =8 + 2
15

Advertisement-Y

 =10
 15

 

C’s New Share=3+2
1515
 =3 + 2
15
 =5
 15

Advertisement-X

∴ New Profit Ratio A and C = 10 : 5

 

 

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)

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

 

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

+2 Book 1-min
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

Advertisement

Advertisement

error: Content is protected !!