Question 09 Chapter 5 of +2- Part-1

Question 09 Chapter 5 of +2-Part-1

9. (New Ratio) X and Y are partners in equal proportion . Z is admitted 1/4th share. He took his share from X and Y in the 2:1 ratio. Ascertain new ratio.

The solution of Question 09 Chapter 5 of +2 Part-1: – 

Calculation of new Profit Sharing ratio

Z’s share=1
 4
Sacrifice by X=1x2
43
     
 =2  
  12  
Sacrifice by Y=1x2
43
     
 =1  
  12  
X’s New Share=12
212
     
 =6- 2  
 12  
     
 =4  
  12  
Y’s New Share=11
212
     
 =6 – 1  
 12  
     
 =5  
  12  
Z’s share=1x3
43
     
 =3  
  12  
New Profit sharing Ratio=4:5:3

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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 09 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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