Question 12 Chapter 5 of +2-A
Table of Contents
12. A and B are partners sharing profits in the ratio of 3: 2. C is admitted as a partner. The new profit-sharing ratio among A, B and C is 4 : 3: 2. Find out the sacrificing ratio
The solution of Question 12 Chapter 5 of +2-A
| Old Ratio of A and B | = | 3: 2 |
| New Ratio of A, B, and C | = | 4 : 3: 2 |
Sacrificing Share = Old Ratio – New Ratio
| A’s Sacrificing Share | = | 3 | – | 4 |
| 5 | 9 |
| = | 7 | |
|
| 45 |
| B’s Sacrificing Share | = | 2 | – | 3 |
| 7 | 9 |
| = | 3 | |
| 45 |
| Sacrificing Share |
= | 7 : 3 |
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. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
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
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