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Question 13 Chapter 5 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question 13 Chapter 5 of +2-A
Question No.13 Chapter No.5 - T.S. Grewal +2 Book 2019-Solution

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Question 13 Chapter 5 of +2-A

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13. A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. D is admitted for 1/3rd share in future profits. What is the sacrificing ratio?

 

The solution of Question 13 Chapter 6 of +2-A

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Old Ratio of A, B and C=4 : 3 : 2     
A is admitted for 1/3rd share of profit  

Let the total share of the business = 1
Remaining share of A, B and C  = Total Share – D’s Share

Remaining share=11
3
 =3 – 1
3
 =2
 3


To Calculate to New Ratio distribute the remaining share in the old ratio of old partners’

New Ratio = Combined share of A, B and C X Old Ratio

A’s New Ratio=2X4
39
 =8 
 27

 

B’s New Ratio=2X3
39

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 =6
 27

 

C’s New Ratio=2X2
39
 =4
 27

 

D’s New Ratio=1X9
39
 =9
 27

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New Profit sharing Ratio between A, B, C, and D
=8 : 6 : 4 : 9


Calculation of Sacrificing Ratio

Old Ratio of A, B and C=4 : 3 : 2     
New Ratio of A, B, and C=8 : 6 : 4 : 9

Sacrificing Share = Old Ratio – New Ratio

A’s Sacrificing Share=48
927

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 =12 – 8 
27
 =4
 27

 

B’s Sacrificing Share=36
927
 =9 – 6
27
 =3
 27

 

A’s Sacrificing Share=24
927
 =6 – 4
27
 =2
 27
Sacrificing Share
=4 : 3 : 2

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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

 

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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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