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Question 15 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 15 Chapter 5 of +2- Part-
Q-15 - CH-5 - Usha +2 Book 2018 - Solution

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Question 15 Chapter 5 of +2-Part-1

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15. (NPS) X and Y are partners in a firm sharing profits and losses in the ratio of 3:2. They admitted Z into Paternship with 1/8th share in profits. It is decided that X and Y will share profits and losses in future in the ratio of 4:3. Calculate the new profit sharing ratio.

We are providing a solution of Question 15 Chapter 5 of +2 Part-1 in two formats. one is in Video format and another is in article format. Check out both formats as follows:

1. Check out the Solution of this question in Video Format:-

The video consists solution of question numbers from 12 to 23 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 15 from the flowing video by using time stamps of the video.

2. Check out the Solution of this question in Article Format:-

The solution of Question 15 Chapter 5 of +2 Part-1: – 

Calculation of new Profit Sharing ratio

Assuming total profits of the firm=Rs 1  
Z’s share=1
8
Remaining share (Joint share of X and Y)=11
8
     
 =7  
 8  
X‘s new share=4x7
78
     
 =4  
  8  
X‘s new share=3x7
78
     
 =3  
  8  
 Z’s share=1
8
Sacrifice Ratio=4:3:1

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Check out all questions of this chapter as follows:-

Question 01 Chapter 5 of +2- Part-
Question 01 Chapter 5 of +2-Part-1 01. (NPS) X and Y are partners in 8:5 ratio. Z is admitted for ...
Question 02 Chapter 5 of +2- Part-
Question 02 Chapter 5 of +2-Part-1 2. (NPS)Raman and Daman are partners sharing profits 25% and 75%. Pawan was admitted ...
Question 03 Chapter 5 of +2- Part-
Question 03 Chapter 5 of +2-Part-1 3. (NPS)Badal, Advani and Navjot are partners in 3/10, 9/20 and ¼. Sonia was ...
Question 04 Chapter 5 of +2- Part-
Question 04 Chapter 5 of +2-Part-1 4. X and Y are partners in a firm sharing profit in the ratio ...

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Question 05 Chapter 5 of +2- Part-
Question 05 Chapter 5 of +2-Part-1 5. (NPS) A and B are partners sharing profit and losses in the proportions ...
Question 06 Chapter 5 of +2- Part-
Question 06 Chapter 5 of +2-Part-1 6. (NPS) X and Y are sharing profit in the ratio of 7:3. they ...
Question 07 Chapter 5 of +2- Part-
Question 07 Chapter 5 of +2-Part-1 7. (NPS) X and Y shared profit in the ratio of 7:3 . Z ...
Question 08 Chapter 5 of +2- Part-
Question 08 Chapter 5 of +2-Part-1 8. (NPS in different cases) Calculate the new ratios of partners in the following ...

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Question 09 Chapter 5 of +2- Part-1
Question 09 Chapter 5 of +2-Part-1 9. (New Ratio) X and Y are partners in equal proportion . Z is ...
Question 10 Chapter 5 of +2- Part-
Question 10 Chapter 5 of +2-Part-1 10. (NPS/Sacrifice Ratio) X and Y are partners in 2:1. Z is admitted for ...
Question 11 Chapter 5 of +2- Part-
Question 11 Chapter 5 of +2-Part-1 11. (NPS/ Sacrifice Ratio) A, B and C are partners in equal ratio. A ...
Question 12 Chapter 5 of +2- Part-
Question 12 Chapter 5 of +2-Part-1 12. (NPS in different cases) A and B are partners in a firm sharing ...
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 ...

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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 ...
Question 15 Chapter 5 of +2- Part-
Question 15 Chapter 5 of +2-Part-1 15. (NPS) X and Y are partners in a firm sharing profits and losses ...
Question 16 Chapter 5 of +2- Part-
Question 16 Chapter 5 of +2-Part-1 16. (Different cases of NPS) (i)Singh and Pandit are partners in a 4:1 ratio ...
Question 17 Chapter 5 of +2- Part-
Question 17 Chapter 5 of +2-Part-1 17.(New Ratio) X, Y, and Z are partners in the 5:3:3 ratio. They admitted ...

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Question 18 Chapter 5 of +2- Part-
Question 18 Chapter 5 of +2-Part-1 18. (NPS) X , Y and Z are partners in 7:3:2. O is admitted ...
Question 19 Chapter 5 of +2- Part-
Question 19 Chapter 5 of +2-Part-1 19. (NPS ) Singh, Gupta and Lal are partners in a firm, sharing profits ...
Question 20 Chapter 5 of +2- Part-
Question 20 Chapter 5 of +2-Part-1 20.( Goodwill brought in cash ) X and Y are partners in a 2:1 ...
Question 21 Chapter 5 of +2- Part-
Question 21 Chapter 5 of +2-Part-1 21.( NPS/Goodwill brought in cash )Bhushan, Gobin, and Rajan are partners in the 5:3:2 ...
Question 22 Chapter 5 of +2- Part-
Question 22 Chapter 5 of +2-Part-1 22.( NPS/Goodwill brought in cash )A, B, and C are partners in ratio 3:2:1 ...

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Question 23 Chapter 5 of +2- Part-
Question 23 Chapter 5 of +2-Part-1 23.(Goodwill partially withdrawn )A and B are partners in 3:2 ratio. They admitted C ...
Question 24 Chapter 5 of +2- Part-
Question 24 Chapter 5 of +2-Part-1 24.(Goodwill partially withdrawn )Behari and Punjabi are partners in ratio 2:3 . Haryanvi is ...
Question 25 Chapter 5 of +2- Part-
Question 25 Chapter 5 of +2-Part-1 25.(Profits at the end of the year are given) P and S are partners ...
Question 26 Chapter 5 of +2- Part-
Question 26 Chapter 5 of +2-Part-1 26.( Different cases of goodwill) A and B shared profits in the proportion of ...

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Question 27 Chapter 5 of +2- Part-
Question 27 Chapter 5 of +2-Part-1  27. (New Partner doesn't bring G/W in Cash) X, Y and Z am partners ...
Question 28 Chapter 5 of +2- Part-
Question 28 Chapter 5 of +2-Part-1 28. (New Partner doesn't bring G/W in Cash) A and B are partners Sharing ...
Question 29 Chapter 5 of +2- Part-
Question 29 Chapter 5 of +2-Part-1 29. (goodwill is partly paid privately and partly through books ) A and B ...
Question 30 Chapter 5 of +2- Part-
Question 30 Chapter 5 of +2-Part-1 30. (Partner Partly brings the G/W) X, Y, and Z were partners sharing profits ...
Question 31 Chapter 5 of +2- Part-
Question 31 Chapter 5 of +2-Part-1 31. (Goodwill is to be calculated and not brought in cash) A and B ...

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Question 32 Chapter 5 of +2- Part-
Question 32 Chapter 5 of +2-Part-1 32. (Goodwill is brought in-kind) P and Q are partners in a 3: 2 ...
Question 33 Chapter 5 of +2- Part-
Question 33 Chapter 5 of +2-Part-1 33. (Goodwill is brought in-kind) Manish and Satish are sharing profits in 4 : ...
Question 34 Chapter 5 of +2- Part-
Question 34 Chapter 5 of +2-Part-1 34. (Goodwill is brought in kind) X, Y and Z were doing business in ...
Question 36 Chapter 5 of +2- Part-
Question 36 Chapter 5 of +2-Part-1 36. (Hidden Goodwill) A and B are partners with capitals of Rs. 8,000 and ...

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Question 37 Chapter 5 of +2- Part-
Question 37 Chapter 5 of +2-Part-1 37. (Comprehensive) A, B and C are partners in 3 : 2: 1 ratio ...
Question 38 Chapter 5 of +2- Part-
Question 38 Chapter 5 of +2-Part-1 38. (Revaluation Entries) Pass Journal Entries for the following revaluations.(a) Stockk Rs. 12,000 was ...
Question 39 Chapter 5 of +2- Part-
Question 39 Chapter 5 of +2-Part-1 39. (Revaluation Entries) Record the folowing in Journal.(a) A claim of Rs. 5,000 against ...
Question 40 Chapter 5 of +2- Part-
Question 40 Chapter 5 of +2-Part-1 40. ( Revaluation A/c/Partners Cap. A/c/B/S) The following was the Balance sheet of A ...
Question 41 Chapter 5 of +2- Part-
Question 41 Chapter 5 of +2-Part-1 41. (Goodwill withdraw by Old Partner) The Balance sheet of A and B who ...

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Question 42 Chapter 5 of +2- Part-
Question 42 Chapter 5 of +2-Part-1 42. Revaluation A/c/Partner‘s Cap A/c/B/S) Thr following is the balance sheet of Gupta and ...
Question 43 Chapter 5 of +2- Part-
Question 43 Chapter 5 of +2-Part-1 43. (Goodwill is not brought in Cash) The following was the balance sheet of ...
Question 44 Chapter 5 of +2- Part-
Question 44 Chapter 5 of +2-Part-1 44. Revaluation/Capital A/c/B/S/GST) Usha and Asha are partners in a firm sharing profits in ...
Question 45 Chapter 5 of +2- Part-
Question 45 Chapter 5 of +2-Part-1 45. ( Average Profit Method) The balance sheet of A and B who share ...

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Question 45 A Chapter 5 of +2- Part-
Question 45 A Chapter 5 of +2-Part-1 45 A. (HOTS/MEMORANDUM revaluation Account) A and B are carrying on business in ...
Question 46 Chapter 5 of +2 Part-1 - USHA 46. Revaluation A/c/Partner‘s Cap A/c/B/S) The following is the balance sheet ...
Question 47 Chapter 5 of +2- Part-
Question 47 Chapter 5 of +2-Part-1 47. ( Necessary Adjusting Entries) The Balance sheet of Ram and Shyam who share ...
Question 48 Chapter 5 of +2- Part-
Question 48 Chapter 5 of +2-Part-1 48. (Revaluation A/c/Partner‘s Cap A/c/B/S) L and M share the profits of a business ...
Question 49 Chapter 5 of +2- Part-
Question 49 Chapter 5 of +2-Part-1 49. (Revaluation A/c/Partner‘s Cap A/c/B/S) L and M share the profits of a business ...

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Question 50 Chapter 5 of +2- Part-
Question 50 Chapter 5 of +2-Part-1 50. (Provision for a discount on Creditors ) the balance sheet of X& Y ...
Question 51 Chapter 5 of +2- Part-
Question 51 Chapter 5 of +2-Part-1 51. (Journal /partner’s cap. A/c/B/S) the balance sheet of Ashish, Achyut, and Akhilesh who ...
Question 52 Chapter 5 of +2 Part-1 - USHA 52. (Hidden Goodwill)Deepika & Rajshree are partners in the firm sharing ...
Question 53 Chapter 5 of +2- Part-
Question 53 Chapter 5 of +2-Part-1 53. (Hidden Goodwill)David & Bimal are partners in the firm sharing profits & losses ...

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Question 54 Chapter 5 of +2- Part-
Question 54 Chapter 5 of +2-Part-1 54. ( Investment taken over by old partner) A & B are sharing profits ...
Question 55 Chapter 5 of +2- Part-
Question 55 Chapter 5 of +2-Part-1 55. (Goodwill is not brought in Cash) The following was the balance sheet of ...
Question 56 Chapter 5 of +2- Part-
Question 56 Chapter 5 of +2-Part-1 56. (Adjustment of Capital) A and B are in partnership sharing profit and loss ...
Question 57 Chapter 5 of +2- Part-
Question 57 Chapter 5 of +2-Part-1 57. (Capital to be adjusted on basis of NPS) Sun and Moon are partners ...
Question 58 Chapter 5 of +2- Part-
Question 58 Chapter 5 of +2-Part-1 58. (Adjustment of capital on the basis of NPS) The following is the balance ...

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Question 59 Chapter 5 of +2- Part-
Question 59 Chapter 5 of +2-Part-1 59. (Adjustment of the capital on the basis of NPS ) a & b ...
Question 60 Chapter 5 of +2- Part-
Question 60 Chapter 5 of +2-Part-1 60. (Adjustment of Capital on basis of New Partner's Share) A, B and C ...
Question 61 Chapter 5 of +2- Part-
Question 61 Chapter 5 of +2-Part-1 61. ( Capital to be adjusted on the basis of New Partner's Share) A ...
Question 62 Chapter 5 of +2- Part-
Question 62 Chapter 5 of +2-Part-1 62. (Adjustment of the capital/goodwill/revaluation A/c/ partner’s capital A/c balance sheet) Raghu & Rishu ...

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Question 63 Chapter 5 of +2- Part-
Question 63 Chapter 5 of +2-Part-1 63. (revaluation A/c/Partner’s Cap. A/c/B/S) A & B are partners sharing profits & losses ...
Question 64 Chapter 5 of +2- Part-
Question 64 Chapter 5 of +2-Part-1 64. ( revaluation A/c/ Partner’s Cap. A/c/B/S) Ram & Rahim were partners in the ...
Question 65 Chapter 5 of +2- Part-
Question 65 Chapter 5 of +2-Part-1 65. (Journal/B/S) Below is the balance sheet of Krishna & Sudama who shared profit ...
Question 66 Chapter 5 of +2- Part-
Question 66 Chapter 5 of +2-Part-1 66. (Adjustment of the capital/goodwill/revaluation A/c/ partner’s capital A/c balance sheet) A firm has ...
Question 67 Chapter 5 of +2- Part-
Question 67 Chapter 5 of +2-Part-1 67. ( Adjustment of capital revaluation A/c/ Partner’s Cap. A/c/B/S) Ram , Rahim & ...

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Question 68 Chapter 5 of +2- Part-
Question 68 Chapter 5 of +2-Part-1 68. (Adjustment of the capital/goodwill/revaluation A/c/ partner’s capital A/c balance sheet) The following is ...
Question 69 Chapter 5 of +2- Part-
Question 69 Chapter 5 of +2-Part-1 69. (Adjustment of the capital to be made by Cash ) the balance sheet ...

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
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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