Question 12 Chapter 5 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question 12 Chapter 5 of +2-A

Question 12 Chapter 5 of +2-A

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)

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 - Question 12 Chapter 5 of +2-A - T.S. Grewal 12 Class Part - A Vol. 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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