# Question 14 Chapter 5 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question No.14 Chapter No.5 - T.S. Grewal +2 Book 2019-Solution

Question 14 Chapter 5 of +2-A

14.A, B, C and D are in partnership sharing profits and losses in the ratio of 36 : 24 : 20 : 20 respectively. E joins the partnership for 20% share and A, B, C and D in future would share profits among themselves as 3/10 : 4/10 : 2/10 : 1/10. Calculate new profit-sharing ratio after E’s admission .

The solution of Question 14 Chapter 6 of +2-A

 Old Ratio of A, B, C and D = 36 : 24 : 20 : 20 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 = 1 – 20 100
 = 100 – 20 100
 = 80 100

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 = 80 X 3 100 10
 = 24 27

 B’s New Ratio = 80 X 4 100 10

 = 32 100

 C’s New Ratio = 80 X 2 100 10
 = 16 100

 D’s New Ratio = 80 X 1 100 10
 = 8 100

 New Profit sharing Ratio between A, B, C, and D = 24 : 32 : 16 : 8 :20 = 6 : 8 : 4 : 2 : 5

### 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)

• 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