Question 18 Chapter 5 of +2- Part-

Question 18 Chapter 5 of +2-Part-1

18. (NPS) X , Y and Z are partners in 7:3:2. O is admitted . He gets 1/12 from X and 1/24 from Z . X also gave 2/12 to Z and Y gets 1/24 from Z . Find the new ratio.

The solution of Question 18 Chapter 5 of +2 Part-1: – 

 Calculation of new Profit Sharing ratio

Old Profit Sharing ratio of X , Y and Z = 7:3:2

X’s Sacrifice=1toOand2toZ
1212
         
X’s new share=71+2
121212
 =4or8  
 1224  
       
 =1    
Z’s sacrifice for Y24 

Z’s Share = Old Share + Acquired from Z – ( Sacrifice for O Sacrifice for Y )

Z’s new share=221:1
121224 
X’s sacrifice for B=8 – 2  
24 
     
 =6  
  24 
Y’s new share=3+1
1224
     
 =7  
 24 
O’s share=1+1
1224
     
 =3  
 24 
New Profit sharing ratio=8:7:6:3
24242424
         
New Profit sharing Ratio=8;7:6:3

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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 18 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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