Advertisement

Question 18 Chapter 3 of Class 12 Part – 1 VK Publication

Question 18 Chapter 3 of Class 12 Part - 1 VK Publication
Question 18 Chapter 3 of Class 12 Part - 1 VK Publication

Advertisement

Question 18 Chapter 3 of Class 12 Part – 1

Advertisement

18. Sunny, Kashish and Sanjhi were partners sharing profits and losses in the ratio 2:2:1 which they decided to change to 5:3:2 with effect from 1st April, 2018. Indicate each partner’s gain or sacrifice.

The solution of Question 18 Chapter 3 of Class 12 Part – 1: –

Old Ratio of Sunny, Kashi and Sanjhi= 2:2:1
New Ratio of Sunny, Kashi and Sanjhi= 5:3:2
Sacrificing Share = Old Share – New Share

Sunny=25
510
 =4 – 5
 10
 =-1(Gaining)
 10

 

Kashish=23
510
 =4 – 3
 10
 =1(Sacrifice)
 10
Sanjhi=12
510
 =2 – 2
 10

Advertisement-Y

 =0(Nil)
 10

Advertisement-X

Sunny has gained 1/10 th share, Kashish has sacrificed 1/10 th share, Sanjhi has no gain/loss

Thanks, Please Like and share with your friends  

Comment if you have any questions.

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

Advertisement

Advertisement

error: Content is protected !!