Question 17 Chapter 5 of +2- Part-

Question 17 Chapter 5 of +2-Part-1

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.

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

 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

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=5x1
75
     
 =1  
 7 
X’s sacrifice for B=21
75
     
 =2  
  35 

New Share = Old share – Sacrifice

X’s new share=51
107
     
 =25  
 70 
Z’s new share=22
1035
     
 =10  
 70 
New Profit sharing Ratio=25:3:10:9
7010705
         
 =25:21:10:14
 70707070
         
New Profit sharing Ratio=25;21:10:9

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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 - Question 17 Chapter 5 of +2 Part-1 - USHA Publication  12 Class Parat - 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firm

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