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Question 16 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 5 of +2- Part-
Q-16 - CH-5 - Usha +2 Book 2018 - Solution

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Question 16 Chapter 5 of +2-Part-1

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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.

FlowerPlantThornReserve
2/105/102/101/10

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:

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. 16 from the flowing video by using time stamps of the video.

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

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

The solution of Question 16 Chapter 5 of +2 Part-1: – 

(i) Calculation of gaining and sacrifice ratio

Gain (Sacrifice) of Singh=45
510
     
 =3 Sacrifice
 10 
Gain /Sacrifice) of Pandit=13
510
     
 =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 or3:2. New Profit sharing ratio
55
Flower2Plant5Plant2After transferring1After transferring
99910

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Plant’s sacrifice=2(40%)5
59
      
 =7  Gain
 45  
Flower’s sacrifice=17
45
Plant’s sacrifice=7
45

Sacrifice = Old share – New share

Flower’s Sacrifice=32
59
     
 =17 Sacrifice
 45 
Plant’s Sacrifice/ Gain=25
59
     
 =7 Gain
 45 

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Check out all questions of this chapter as follows:-

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Question 05 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 11 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 17 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 23 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 29 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 35 Chapter 5 of Class 12 Part – 1 – USHA Publication

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Question 41 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 46 Chapter 5 of +2 Part-1 – USHA Publication

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Question 52 Chapter 5 of +2 Part-1 – USHA Publication

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Question 58 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 64 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: –

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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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