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

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

Question 2 Chapter 4 – Unimax Class 12 Part 1

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.

A’s Share : 5/10 No Change
B’s Share : 3/10-1/2=2/10
C’s Share : 2/10+1/10=3/10

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

What is Partnership – Meaning and its Types

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

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Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

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