Question 16 Chapter 5 of +2-Part-1
16. (Different cases of NPS)
(i)Singh and Pandit are partners in a 4:1 ratio. They admitted Maulavi as a partner. The net profit ratio is 5:3:2. Find out the Gaining and sacrifice ratio of old partners.
(ii) Flower and plants are partners sharing profits of 60 paise and 40 paise in a rupee. Thorn is a new partner admitted. The following is the arrangement for sharing profits.
| Flower | Plant | Thorn | Reserve |
| 2/10 | 5/10 | 2/10 | 1/10 |
Find out sacrifice or gain.
We are providing a solution of Question 16 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:
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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. 16 from the flowing video by using time stamps of the video.
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The solution of Question 16 Chapter 5 of +2 Part-1: –
(i) Calculation of gaining and sacrifice ratio
| Gain (Sacrifice) of Singh | = | 4 | – | 5 |
| 5 | 10 | |||
| = | 3 | Sacrifice | ||
| 10 |
| Gain /Sacrifice) of Pandit | = | 1 | – | 3 |
| 5 | 10 | |||
| = | 1 | Gain | ||
| 10 |
So Singh sacrificed 3/10 but pandit gained 1/10 share.
(ii) Calculation of gaining and sacrifice ratio
| Old profit sharing ratio of flower and plant 60:40 or | 3 | : | 2 | . New Profit sharing ratio |
| 5 | 5 |
| Flower | 2 | Plant | 5 | Plant | 2 | After transferring | 1 | After transferring |
| 9 | 9 | 9 | 10 |
| Plant’s sacrifice | = | 2 | (40%) | – | 5 |
| 5 | 9 | ||||
| = | 7 | Gain | |||
| 45 |
| Flower’s sacrifice | = | 17 |
| 45 |
| Plant’s sacrifice | = | 7 |
| 45 |
Sacrifice = Old share – New share
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| Flower’s Sacrifice | = | 3 | – | 2 |
| 5 | 9 | |||
| = | 17 | Sacrifice | ||
| 45 |
| Plant’s Sacrifice/ Gain | = | 2 | – | 5 |
| 5 | 9 | |||
| = | 7 | Gain | ||
| 45 |
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Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
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Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)
Chapter No. 2 – Partnership Accounts – I (Introduction)
Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 1 Class 12 by Unimax Publication
- Chapter No. 1 – Accounts of Non-Profit Organisations (Deleted from the Syllabus)
- Chapter No. 2 – Partnership Accounts – I (Basic Concepts)
- Chapter No. 3 – Partnership Accounts – II (Goodwill)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Check out Part 2 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 2 Class 12 by Unimax Publication
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