# Question 18 Chapter 5 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1

Question No.18 Chapter No.5 - T.S. Grewal +2 Book 2019-Solution

Question 18 Chapter 5 of +2-A

18. P and Q are partners sharing profits in the ratio of 3 : 2. They admit R into partnership who acquires 1/5th of his share from P and 4/25th share from Q. Calculate New Profit-sharing Ratio and Sacrificing Ratio.

The solution of Question 18 Chapter 6 of +2-A

 Old Ratio of X and Y = 3 : 2 R acquires 1/5th of his share from P R acquires 4/25th share from Q

Note: – In the Question R acquires 1/5 of his from P but 4/25th share from Q So, here we have on ratio and another is value of share so first we to calculate the Ratio and Share acquires from both.

If 4/5th of R’s Share = 4/25th Acquires from Q

 R’s Share = 4 = 4 5 25
 A’s New Ratio = 4 X 4 5 25
 = 1 5

This is Ratio of share in which R will Acquired share from Q
Share Acquired by R from P = 1/5 X 1/5

 Share Acquired by R from P = 1 X 1 5 5
 = 1 25

This is value of share which is acquired by R from P’s Share.

 So, R acquired share from P and Q = 1 : 4 25 25 Sacrificing Ratio of P and Q = 1 : 4

New Ratio of Old Partners = Old Ratio – Sacrificed Ratio

 P’s New Profit Share = 3 – 1 5 25
 = 15 – 1 25
 = 14 25

 Q’s New Profit Share = 2 X 4 5 52
 = 10 – 4 25
 = 6 25

 P’s Sacrificing Q’s Sacrificing R’s Share = 1 X 4 25 25
 = 5 25

New profit Share ratio after D admission

 New Profit sharing Ratio between All partners = 14 : 6 : 5 25 25 25
 = 14 : 6 : 5

### 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. 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