# Question 10 Chapter 6 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question No.10 Chapter No.6 - T.S. Grewal +2 Book 2019-Solution

Question 10 Chapter 6 of +2-A

10. P, Q and R are partners sharing profits in the ratio of 7 : 5 : 3. P retires and it is decided that profit-sharing ratio between Q and R will be same as existing between P and Q. Calculate New profit-sharing ratio and Gaining Ratio.

## The solution of Question 10 Chapter 6 of +2-A: –

Calculation of Gaining Ratio
P :Q :R = 7:5:3(Old ratio)
Q :R=7:5 (New ratio, same as between P & Q)

Gaining Ratio = New Ratio – Old Ratio

 Q’s Gain = 7 – 5 12 15
 = 35 – 20 60
 = 15 60

 R’s Gain = 5 – 3 12 15
 = 25 – 12 60
 = 13 60

Q :R = 15: 13

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