Question 10 Chapter 6 of +2- Part

Question 10  Chapter 6 of +2-Part-1

10. (Gaining Ratio) X, Y and Z are sharing profits in the ratio of 5: 4: 3. Y retires. Calculate the gaining ratio if :

  1. X and Z decide to share profits equally.
  2. X and Z decide to share profits 7:5.
  3. X and Z decide to share profits 5: 7.

The solution of Question 10 Chapter 6 of +2 Part-1: –

Calculation of Gaining ratio

Gaining ratio = New share – old share

(a) XYZ
New ratio=11
Old ratio=543
X=15
212
     
 =1  
 12  
Z=13
212
     
 =3  
 12  

Gaining ratio = 1 : 3

(b) XYZ
New ratio=75
Old ratio=543
X=75
1212
     
 =2  
 12  
Z=53
1212
     
 =2  
 12  
(c) XYZ
New ratio=57
Old ratio=543
X=55
1212
     
 =Nil  
Z=73
1212
     
 =4  
 12  
Gaining ratio=Nil&4
12

Comment if you have any questions.


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 6 of +2 Part-1 - USHA Publication 12 Class Part - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firm

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