# Question 09 Chapter 6 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question No.09 Chapter No.6 - T.S. Grewal +2 Book 2019-Solution

Question 09 Chapter 6 of +2-A

09. A, B, and C are partners sharing profits in the ratio of 5 : 3 : 2. C retires and his share is taken by A. Calculate new profit-sharing ratio of A and B

## The solution of Question 09 Chapter 6 of +2-A: –

Old Ratio A, B and C = 5 : 3 : 2
C retires from the firm.

 His profit share = 2 10

New Ratio = Old Ratio + Share acquired from C

 A’s New Share = 5 + 2 10 10
 = 5 + 2 10
 = 7 10

∴ New Profit Ratio A and B = 7 : 3

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