# Question 16 Chapter 5 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question No.16 Chapter No.5 - T.S. Grewal +2 Book 2019-Solution

Question 16 Chapter 5 of +2-A

16. A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted as a new partner for 1/6th share. C will retain his original share. Calculate the new profit-sharing ratio and sacrificing ratio

The solution of Question 16 Chapter 6 of +2-A

 Old Ratio of A ,B and C = 2 : 2 : 1

D is admitted for 1/6th share while C will continue to retain his original share 1/5

 Remaining share = 1 – 20 – 1 100 5
 = 30 – 5 – 6 30
 = 19 30

The remain Share will be shared by A and B in the ratio of 2: 2 (old Ratio)

 A’s New Ratio = 19 X 2 30 4
 = 38 120

 B’s New Ratio = 19 X 2 30 4

 = 38 120

 C’s New Ratio = 1 X 24 5 24
 = 24 120

 D’s New Ratio = 1 X 20 6 20
 = 2 120

 New Profit sharing Ratio between A, B, C, and D = 38 : 38 : 24 : 20 = 19 : 19 : 20 : 12

*Since nothing is mentioned about the sacrifice made by the existing partners, it is assumed that A and B sacrifice in their old ratio.

Calculation of Sacrificing Ratio

Sacrificing Share = Old Ratio – New Ratio

 A’s Sacrificing Ratio = 2 X 19 5 60
 = 24 – 19 60

 = 5 60

 B’s Sacrificing Ratio = 2 X 19 5 60
 = 24 – 19 60
 = 5 60
 Sacrificing Ratio A, B, C, and D = 5 : 5 = 1 : 1

### 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