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

Question 17 Chapter 5 of +2-Part-1

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Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

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17.(New Ratio) X, Y, and Z are partners in the 5:3:3 ratio. They admitted A for 1/5 share. Y will retain his old share. Find out a new ratio.

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Calculation of new Profit Sharing ratio

Share of profit acquired by A	=	1
		5

Y‘s share to remain the same. i.e	=	3
		10

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So sacrifice for A has been made by X and Z only in their relative ratio i.e. 5:2

X’s sacrifice for A	=	5	x	1
X’s sacrifice for A	=	7	x	5

	=	1
	=	7

X’s sacrifice for B	=	2	–	1
X’s sacrifice for B	=	7	–	5

	=	2
		35

New Share = Old share – Sacrifice

X’s new share	=	5	–	1
X’s new share	=	10	–	7

	=	25
	=	70

Z’s new share	=	2	–	2
Z’s new share	=	10	–	35

	=	10
	=	70

New Profit sharing Ratio	=	25	:	3	:	10	:	9
New Profit sharing Ratio	=	70	:	10	:	70	:	5

	=	25	:	21	:	10	:	14
	=	70	:	70	:	70	:	70

New Profit sharing Ratio	=	25	:	21	:	10	:	9

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Check out all questions of this chapter as follows:-

Question 01 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 01 Chapter 5 of +2-Part-1 01. (NPS) X and Y are partners in 8:5 ratio. Z is admitted for ...

1. Check out the Solution of this question in Video Format:-

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

The solution of Question 17 Chapter 5 of +2 Part-1: –

Check out all questions of this chapter as follows:-

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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