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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.

Day - 81 | Solution of Questions Admission of a Partner | Chapter No. 5 | Accounts class 12 | PSEB |

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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 Share of the firm=Rs 1  
Z’s share=1
8
Remaining share for X and Y=11
8
     
 =7  
 8  
X‘s new share=4x7
78
     
 =4  
  8  
Y‘s new share=3x7
78
     
 =3  
  8  

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 Z’s share=1
8
New Profit Share Ratio=4:3:1

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Check out all questions of this chapter as follows:-

Question 03 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 09 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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Question 21 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 27 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Parat – 1

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Question 33 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 39 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 45 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 50 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 56 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 62 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 68 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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

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