Question 18 Chapter 5 – Unimax Class 12 Part 1 – 2021
Table of Contents
18. A, B and C are partners sharing profits and losses in the ratio 3 : 2 : 1. Upon admission of D, they agreed to share as 4 : 4 : 2 : 2. Calculate sacrificing ratio.
The solution of Question 18 Chapter 5 – Unimax Class 12 Part 1
A’s Sacrifice =3/6_4/12
=6-4/12 =1/6
B’s Sacrifice =2/6_4/12 =4-4/12 =0
C’s Share =1/6_2/12 =2-2/12 =0
Ans. Only A has sacrificed 1/6th of his share.
What is Partnership – Meaning and Its 4 Types
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. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
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
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