Question 2 Chapter 4 - Unimax Class 12 Part 1 - 2021

Question 2 Chapter 4 – Unimax Class 12 Part 1

Table of Contents

2. A, B and C are partners sharing profits and losses in ratio of 5 : 3 : 2. Calculate new profit sharing ratio, if C acquires 1/10th share from B.

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

Old ratio of A, B and C is 5 : 3 : 2.
If C acquires 1/10th share from B, New ratio will be as follows.

So, New Profit Sharing ratio of A, B & C is 5 : 2 : 3.

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 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