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Question 12 Chapter 5 of +2-Part-1
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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.
We are providing a solution of Question 12 Chapter 5 of +2 Part-1 in two formats. one is in Video format and another is in article format. Check out both formats as follows:
1. Check out the Solution of this question in Video Format:-
The video consists solution of question numbers from 12 to 23 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 12 from the flowing video by using time stamps of the video.
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2. Check out the Solution of this question in Article Format:-
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 |
| Remaining Share for A & B | = | 1 | – | 1 |
| 4 | ||||
| New Share | = | Remaining Share | X | Old share |
| = | 3 | |||
| 4 |
| A’s New Share | = | 3 | x | 3 |
| 4 | 5 | |||
| = | 9 | |||
| 20 |
| B’s New Share | = | 3 | x | 2 |
| 4 | 5 | |||
| = | 6 | |||
| 20 |
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| C’s New Share | = | 1 | or | 5 |
| 4 | 20 |
| New Profit sharing Ratio | = | 9 | : | 6 | : | 5 |
(b)
| C’s share | = | 1 |
| 4 |
| A’s sacrifice | = | 1 | x | 1 |
| 4 | 2 | |||
| = | 1 | |||
| 8 |
| B’s sacrifice | = | 1 | x | 1 |
| 4 | 2 | |||
| = | 1 | |||
| 8 |
New Share = Old Share – Sacrifice Share
| A’s new Share | = | 3 | – | 1 |
| 5 | 8 | |||
| = | 19 | |||
| 40 |
| B’s new Share | = | 2 | – | 1 |
| 5 | 8 | |||
| = | 11 | |||
| 40 |
| C’s Share | = | 1 | or | 10 |
| 4 | 40 |
| New Ratio | = | 19 | : | 11 | : | 10 |
| 40 | 40 | 40 | ||||
| = | 19 | : | 11 | : | 10 |
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(c)
| C’s share | = | 1 |
| 4 |
| A’s sacrifice | = | 1 | x | 2 |
| 4 | 5 | |||
| = | 2 | |||
| 20 |
| B’s sacrifice | = | 1 | x | 3 |
| 4 | 5 | |||
| = | 3 | |||
| 20 |
| A’s new Share | = | 3 | – | 2 |
| 5 | 20 | |||
| = | 10 | |||
| 20 |
| B’s new Share | = | 2 | – | 2 |
| 5 | 20 | |||
| = | 5 | |||
| 20 |
| C’s Share | = | 1 | or | 5 |
| 4 | 20 |
| New Ratio | = | 10 | : | 5 | : | 5 |
| 20 | 20 | 20 | ||||
| = | 10 | : | 5 | : | 5 |
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End of Solution
Check Out the Solution of all questions of this chapter:
The solution to all questions of Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.
Question 10 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1
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Question 28 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1
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Question 45 A Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1
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Question 63 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1
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Download a PDF of Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner):
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Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
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Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)
Chapter No. 2 – Partnership Accounts – I (Introduction)
Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
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Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 1 Class 12 by Unimax Publication
- Chapter No. 1 – Accounts of Non-Profit Organisations (Deleted from the Syllabus)
- Chapter No. 2 – Partnership Accounts – I (Basic Concepts)
- Chapter No. 3 – Partnership Accounts – II (Goodwill)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Check out Part 2 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 2 Class 12 by Unimax Publication
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