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

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

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Question 1 Chapter 4 of Class 12 Part – 1

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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=11
8
 =7  
 8  
A’s New Share=3x7
68
 =21 
  48 
B’s New Share=2x7
68
 =14 
  48 
C’s New Share=1x7
68
 =7 
  48 

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D’s New Share=1or6
 48

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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: –

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
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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