# Question 19 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Parat – 1

Q-19 - CH-5 - Usha +2 Book 2018 - Solution

Question 19 Chapter 5 of +2-Part-1

19. (NPS ) Singh, Gupta and Lal are partners in a firm, sharing profits in the ratio of 3:2:3. They admitted Jain as a new partner. Singh surrendered 1/3rd of his share in favour of Jain. Gupta surrendered 1/4th of his share in favour of Jain and Lal surrendered 1/5th of his share in favour of Jain. Calculate the new profit sharing ratio.

We are providing a solution of Question 19 Chapter 5 of +2 Part-1 in two formats. one is in Video format and another is in article format. Check out both formats as follows:

### 1. Check out the Solution of this question in Video Format:-

The video consists solution of question numbers from 12 to 23 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 19 from the flowing video by using time stamps of the video.

Day - 81 | Solution of Questions Admission of a Partner | Chapter No. 5 | Accounts class 12 | PSEB |

## The solution of Question 19 Chapter 5 of +2 Part-1: –

Calculation of new Profit Sharing ratio

Old profit sharing ratio of Singh, Gupta and Lal = 3:2:3

 Singh’s sacrifice for Jain = 1 of 3 3 8
 = 1 x 3 3 8 = 1 8
 Singh’s new share = 3 – 1 = 2 8 8 8
 Gupta’s sacrifice for Jain = 1 of 2 4 8 = 1 X 2 4 8 = 1 16
 Gupta’s new share = 2 – 1 8 16 = 3 16

 Lal‘s sacrifice for Jain = 1 of 3 5 8 = 3 X 1 8 5 = 3 40
 Lal”s new share = 3 – 3 8 40 = 12 40
 Jain’s share of profit = 1 + 1 + 3 = 21 8 16 40 80
 New Profit sharing ratio = 2 : 3 : 12 : 21 8 16 40 80 New Profit sharing Ratio = 20 : 15 : 24 : 21

Comment if you have any questions.

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 06 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 12 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 18 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 24 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 30 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 42 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 47 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 53 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 59 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 65 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.

Thanks again.

End of Post

### Download a PDF of Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner):

If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.

## Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

## Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.