Question 16 Chapter 5 – Unimax Class 12 Part 1 – 2021

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

You Can also read all above articles in Hindi on our Hindi Website

Change in Profit-Sharing Ratio Among the Existing Partners – In Hindi

Thanks, Please Like and share with your friends  

Comment if you have any doubt in the Question 16 Chapter 5 – Unimax Class 12 Part 1

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