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

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

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Question 11 Chapter 6 of +2-A

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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: –

 

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Old Ratio = 3:4:1

Murli’s share=8
8

 

 

Share acquired by Naveen=3X3
83
 =8
 8

 

Remaining Share=32
88
 =1
 8

Gaining Ratio= 2: 1

Naveen’s New Share=4+2
88
 =4 + 2
8

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 =6
 8

 

Omprakash’s New Share=1+1
88
 =1 + 1
8
 =2
 8

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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)

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

 

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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