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Question 09 Chapter 6 of +2-Part-1
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9. (Share of Retiring Partner given in Proportionate to Remaining Partners) W, X, Y and 1Z are partners in 4: 5:6:5 ratio respectively. X and Z retires. X Share is taken by W and Y in 2: 1 , where as 25% of Z share is given to W and 75% is given to Y. Find out new ratio
The solution of Question 09 Chapter 6 of +2 Part-1: –
Calculation of new Profit Sharing ratio
Ratio = WXYZ | = | 4 | : | 5 | : | 6 | : | 5 |
20 | 20 | 20 | 20 |
X share 5/20 goes to W & Y in ratio 2 : 1
W gets | = | 5 | x | 2 |
20 | 3 | |||
= | 10 | |||
60 |
Y gets | = | 5 | x | 1 |
20 | 3 | |||
= | 5 | |||
60 |
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Z’s share 5/20 goes to W & Y in 25 % & 75 % ratio
W gets | = | 5 | x | 1 |
20 | 4 | |||
= | 5 | |||
80 |
Y gets | = | 5 | x | 3 |
20 | 4 | |||
= | 15 | |||
80 |
New share
W = Old share + Received from X + Received from Z
= | 4 | + | 10 | + | 5 | = | 103 | |
20 | 60 | 80 | 240 |
Y | = | 6 | + | 5 | + | 15 | = | 137 |
20 | 60 | 80 | 240 |
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Comment if you have any questions.
Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- 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)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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Hi 103 or 137 kase ayea
Hello
LCM Liya hai betta 240
(48+40+15)/240
103/240
same second v.
👍👍👍👍👍
Thanks alot