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Question 20 Chapter 3 of Class 12 Part – 1 VK Publication

Question 20 Chapter 3 of Class 12 Part - 1 VK Publication
Question 20 Chapter 3 of Class 12 Part - 1 VK Publication

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Question 20 Chapter 3 of Class 12 Part – 1

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20. B, P and L are sharing profits in ratio of 2:3:1 in the firm. It is now agreed that they will share the future profits in the ratio 3:2:1. Calculate the sacrificing or gaining share partners.

The solution of Question 20 Chapter 3 of Class 12 Part – 1: –

Old Ratio of B, P and L= 2:3:1
New Ratio of B, P and L= 3:2:1
Sacrificing Share = Old Share – New Share

B=23
66
 =-1(Gaining)
 10

 

P=32
66
 =1(Sacrifice)
 10
Sanjhi=11
66
 =0(Nil)
 10

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B has gained1/6 th share, P has sacrificed 1/6 th share, No effect on L’s share

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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

+2 Book 1-min
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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