Question 10 Chapter 5 of +2- Part-

Question 10 Chapter 5 of +2-Part-1

10. (NPS/Sacrifice Ratio) X and Y are partners in 2:1 . Z is admitted for ¼ share. X and Y decided to share profits in equal proportion . Ascertain new ratio and sacrifice ratio.

The solution of Question 10 Chapter 5 of +2 Part-1: – 

Calculation of new Profit Sharing ratio

Z’s share=1
 4
Share left for X and Y=1x1
4
     
 =3  
 4  
X’s Share=3x1
42
     
 =3  
  8  
Y’s Share=3x1
42
     
 =3  
  8  
Z’s Share=3x2
42
     
 =2  
  8  
Sacrifice Ratio of X=23
38
     
 =18 – 9  
 24  
     
 =7  
  24  
 Gain Ratio of Y=1x3
38
     
 =1 Gain
  24  
New Profit sharing Ratio=3:3:2

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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 10 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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