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Question 2 Chapter 4 of Class 12 Part – 1 VK Publication

Question 2 Chapter 4 of Class 12 Part - 1 VK Publication
Question 2 Chapter 4 of Class 12 Part - 1 VK Publication

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Question 2 Chapter 4 of Class 12 Part – 1

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2. Arun and Varun share profit in the ratio of 3:2. Tarun, a new partner is admitted, in whose favour Arun surrenders 1/3rd of his share and Varun surrenders 1/4th of his share. Calculate new profit-sharing ratio.

The solution of Question 2 Chapter 4 of Class 12 Part – 1: –

Old Ratio of Arun and Varun = 3:2
Tarun is admitted

Arun surrenders 1/3rd of his share to Tarun=1x3
35
 =3 
  15 
Arun New Share=33
515
 =9-3
15
 =6 
  15 
Varun surrenders 1/4th of his share to Tarun=1x2
45
 =2
  20
Varun’s New share=22
520

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 =8-2
20
 =6
  20
   
Tarun’s New Share=3+2
1520
 =12+6
20
 =18
  20

New profit sharing ratio of Arun, Varun and Tarun =24:18:18= 4:3:3.

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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

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Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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