Question 13 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Parat – 1

Question 13 Chapter 5 of +2- Part-

Question 13 Chapter 5 of +2-Part-1

13. (New Profit Sharing Ratio) Bat and Ball are partners in a 2:3 ratio. They admitted Wicket and Gloves as new partners. Bat sacrificed 1/4th of his share in favor of Wicket and Ball sacrificed ¼ from his share in favor of Gloves. Calculate the new ratio.

The solution of Question 13 Chapter 5 of +2 Part-1: – 

Calculation of new Profit Sharing ratio

Old profit sharing ratio = 2 : 3    
Bat’s sacrifice for Wicket = 1 of 2
4 5
  = 1 x 2
4 5
         
  = 2    
  20    
Bat‘s new share = 2 2
5 20
         
  = 6    
    20    
Ball’s sacrifice for Wicket = 1 or 5
4 20

(Share ofGloves )
(Absolute i.e. from his share )

Ball’s new share = 3 1
5 4
         
  = 7    
  20    
New Profit sharing Ratio = 6 : 7 : 2 : 5
40 40 40 20
                 
  = 6 : 7 : 2 : 5

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Also, Check out the solved question of previous Chapters: –

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

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

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2 Book 1 min - Question 13 Chapter 5 of +2 Part-1 - USHA Publication  12 Class Parat - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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