Question 12 Chapter 5 of +2 Part-1 - USHA Publication 12 Class Part

Question 12 Chapter 5 of +2-Part-1

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Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

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12. (NPS in different cases) A and B are partners in a firm sharing profits and losses in the ratio of 3:2. C joins the firm for a quarter share in the future profits. Ascertain the future profit sharing ratio of partners in each of the following cases :

If he acquires his share of profits from the original partners in their profit sharing ratio.
If he acquires his share of profits from the original partners equally.
If he acquires his share of profits from the original partners in the ratio of 2:3.

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The solution of Question 12 Chapter 5 of +2 Part-1: –

Calculation of new Profit Sharing ratio

Let total profits of the firm

Rs 1

C’s share	=	1
		4

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Balance of profit	=	1	–	1
				4
	=	3
		4

A’s Share	=	3	x	3
A’s Share	=	4	x	5

	=	9
	=	20

B’s Share	=	3	x	2
B’s Share	=	4	x	5

	=	6
		20

C’s Share	=	1	or	5
		4		20

New Profit sharing Ratio

(b)

C’s share	=	1
		4

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A’s sacrifice	=	1	x	1
A’s sacrifice	=	4	x	2

	=	1
	=	8

B’s sacrifice	=	1	x	1
B’s sacrifice	=	4	x	2

	=	1
	=	8

New Share = Old share – Sacrifice

A’s new Share	=	3	–	1
A’s new Share	=	5	–	8

	=	19
		40

B’s new Share	=	2	–	1
B’s new Share	=	5	–	8

	=	11
		40

C’s Share	=	1	or	10
		4		40

New Ratio	=	19	:	11	:	10
New Ratio	=	40	:	40	:	40

	=	19	:	11	:	10

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(c)

C’s share	=	1
		4

A’s sacrifice	=	1	x	2
A’s sacrifice	=	4	x	5

	=	2
	=	20

A’s sacrifice	=	1	x	3
A’s sacrifice	=	4	x	5

	=	3
	=	20

A’s new Share	=	3	–	2
A’s new Share	=	5	–	20

	=	10
		20

B’s new Share	=	2	–	2
B’s new Share	=	5	–	20

	=	5
		20

C’s Share	=	1	or	5
		4		20

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New Ratio	=	10	:	5	:	5
New Ratio	=	20	:	20	:	20

	=	10	:	5	:	5

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Check out all questions of this chapter as follows:-

Question 01 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 01 Chapter 5 of +2-Part-1 01. (NPS) X and Y are partners in 8:5 ratio. Z is admitted for ...

1. Check out the Solution of this question in Video Format:-

2. Check out the Solution of this question in Article Format:-

The solution of Question 12 Chapter 5 of +2 Part-1: –

Check out all questions of this chapter as follows:-

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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