Question 1 Chapter 4 of Class 12 Part - 1 VK Publication

Question 1 Chapter 4 of Class 12 Part – 1

Table of Contents

1. A, B and C are partners sharing profits in the ratio of 1/2: 1/3: 1/6. They admit D for 1/8th share of profit. Calculate new profit-sharing ratio.

The solution of Question 1 Chapter 4 of Class 12 Part – 1: –

Old Ratio of A, B and C = 3:2:1
D is admitted for 1/8th share
Let the total profit = 1

D’s Share	=	1
		8

Remaining Profit	=	1	–	1
				8

	=	21
		48

B’s New Share	=	2	x	7
		6		8

	=	14
		48

C’s New Share	=	1	x	7
		6		8

	=	7
		48

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D’s New Share	=	1	or	6
				48

New Ratio of A, B, C and D = 21:14:7:6

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

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