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Question 17 Chapter 3 of Class 12 Part – 1 VK Publication

Question 17 Chapter 3 of Class 12 Part - 1 VK Publication
Question 17 Chapter 3 of Class 12 Part - 1 VK Publication

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Question 17 Chapter 3 of Class 12 Part – 1

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17. Amit, Vijay and Kuldeep are partners sharing profits and losses equally. From 1st April 2018 they decide to share future profits and losses in the ratio 3:2:1. Calculate Each partners gain/sacrifice due to change in ratio.

The solution of Question 17 Chapter 3 of Class 12 Part – 1: –

Old Ratio of Amit, Vijay and Kuldeep= 1:1:1
New Ratio of Amit, Vijay and Kuldeep= 3:2:1

Sacrificing Share = Old Share – New share

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Amit=13
36
 =2 – 3
 6
 =-1(Gaining)
 10
Vijay=12
36
 =2 – 2
 6
 =0(Nil)
 10
Kuldeep=11
36

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 =2 – 1
 6
 =1(Sacrifice)
 10

Amit has gained 1/6 th share, Kuldeep has sacrificed 1/6 th share

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Also, Check out the solved question of previous Chapters: –

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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