# Question 14 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-14 - CH-4 - Usha +2 Book 2018 - Solution

Question 14 Chapter 4 of +2-Part-1

14. (Different Cases) A and B are partners in 2:1 ratio. They had Rs.10,000 in deferred advertisement account and Rs.11,000 in (Dr.) profit and loss account. Show the adjustment under the following cases when their new ratio is agreed to eb 3:2.

1. When relevant accounts are closed.
2. When relevant accounts are not closed.

## The solution of Question 14 Chapter 4 of +2 Part-1: –

Day - 62 | Solution of Questions Reconstitution of firm Chapter No. 4 | Accounts class 12 | PSEB |

(a) When relevant aaccounts are closed:

 Journal Date Particulars L.F. Debit Credit A’s Capital A/c (21,000*2/3) Dr. 14,000 B’s Capital A/c (21,000*1/3) Dr. 7,000 To Deferred advertisement a/c 10,000 To Profit & Loss a/c 11,000 (Being deferred advertisement account and profit & loss a/c distributed in 2:1 ratio)

(b) When relevant accounts are not closed:

Old Ratio = 2 : 1
New Ratio = 3 : 2
Calculate the Sacrificing or Gaining Ratio of Partners
Sacrificing or Gaining Ratio = Old ratio – New ratio

 A’s Share Sacrificing/Gaining = 2 – 3 3 5
 = 10 – 9 15
 = 1 (Sacrificing) 15

 B’s Share Sacrificing/Gaining = 3 – 2 3 5

 = 5 – 6 15
 = -1 (Gain) 15

Calculation of amount to be debited and credited :

=(10,000= Rs.1,400
+11,000)*1/5

 Journal Date Particulars L.F. Debit Credit A’s Capital A/c Dr. 1,400 To B’s Capital A/c 1,400 (Being adjustment entry passed)

Comment if you have any questions.

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 02 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 08 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 14 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 20 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 26 Chapter 4 of +2 Part-1 – USHA Publication 12 Class Parat – 1

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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.

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)

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