Question 16 Chapter 5 – Unimax Class 12 Part 1 – 2021
16. A and B are partners sharing profits in the ratio 3 : 2. A surrenders 1/6th of his share and B surrenders 1/4th of his share in favour of C, a new partner. What is the new ratio?
The solution of Question 16 Chapter 5 – Unimax Class 12 Part 1
A’s new share =3/5-[1/62 X 3/5]
=3/5-1/10 =6-1/10 =5/10
B’s new share =2/5_[1/4 X 2/5]
=2/5_1/10 =4-1 =3/10
C’s new share =1/10 + 1/10
=2/10
New Profit Sharing Ratio = A : B : C
= 5 : 3 : 2 Ans.
This is all about the Question 16 Chapter 5 – Unimax Class 12 Part 1. You can check out the following article to better understand:
Change in Profit-Sharing Ratio Among the Existing Partners
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Change in Profit-Sharing Ratio Among the Existing Partners – In Hindi
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You can also Check out the solved question of other Chapters: –
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. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
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
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication