# Question 11 Chapter 6 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question No.11 Chapter No.6 - T.S. Grewal +2 Book 2019-Solution

Question 11 Chapter 6 of +2-A

11. Murli, Naveen and Omprakash are partners sharing profits in the ratio of 3/8, 1/2 and 1/8. Murli retires and surrenders 2/3rd of his share in favour of Naveen and remaining share in favour of Omprakash. Calculate new profit-sharing ratio and gaining ratio of the remaining partners.

## The solution of Question 11 Chapter 6 of +2-A: –

Old Ratio = 3:4:1

 Murli’s share = 8 8

 Share acquired by Naveen = 3 X 3 8 3
 = 8 8

 Remaining Share = 3 – 2 8 8
 = 1 8

Gaining Ratio= 2: 1

 Naveen’s New Share = 4 + 2 8 8
 = 4 + 2 8

 = 6 8

 Omprakash’s New Share = 1 + 1 8 8
 = 1 + 1 8
 = 2 8

New Profit Sharing Ratio = 3: 1

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