Question 14 Chapter 5 of +2- Part-

Question 14 Chapter 5 of +2-Part-1

14. (Sacrifice ratio) L and M are partners sharing profits in the ratio of 4:3. N is admitted as a partner. The new profit sharing ratio among L, M, and N is 5:3:3. Find out the sacrifice ratio.

The solution of Question 14 Chapter 5 of +2 Part-1: – 

Calculation of new Profit Sharing ratio

Sacrifice ratio=Old share – New share  
L’s sacrifice=45
710
     
 =5  
 70  
M’s sacrifice=33
710
     
 =9  
  70  
New Profit sharing Ratio=5:9
7070
     
 =5:9

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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

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 1 min - Question 14 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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