Question 14 Chapter 5 – Unimax Class 12 Part 1 – 2021

Question 14 Chapter 5 - Unimax Class 12 Part 1 - 2021

Question 14 Chapter 5 – Unimax Class 12 Part 1

Free Accounting book Solution - Class 11 and Class 12

14. Kanu and Shruti were partners in a firm sharing profits in 5 : 3. They admit Raj as a new partner for 1/8th share in profits. It is decided that Kanu and Shruti will share profit and losses in future in the ratio 4 : 3. Calculate the new profit sharing ratio and sacrifice ratio.

The solution of Question 14 Chapter 5 – Unimax Class 12 Part 1

Let total profit = 1
Raj’s Share =1/8
Remaining Profit = 1 -1/8=8-1/8 =7/8
Kanu’s new share =4/7 X 7/8 =4/8
Shruti’s new share =3/7 X 7/8 =3/8
New Profit Sharing Ratio = Kanu : Shruti : Raj
             =4/8: 3/8: 1/8
             = 4 : 3 : 1 Ans.
Calculation of Sacrificing Ratio = Old share – New share
Kanu’s Sacrifice =9/15_4/8
            =72-60/120 =12/100
Shruti’s Sacrifice =6/15_3/8
            =48-45/120 =3/120
Sacrificing Ratio = Kanu : Shruti
           =12/120-3/120
           = 4 : 1 Ans.

 

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