Question 22 Chapter 5 – Unimax Class 12 Part 1 – 2021
Table of Contents
22. A, B and C are partners in the ratio of 60%, 30% and 10% respectively. They admitted D for 25% share. Find out new ratio.
The solution of Question 22 Chapter 5 – Unimax Class 12 Part 1
Let total profit = 1
D’s Share =25%/100 =1/4
Remaining Share = 1 -1/4 =3/4
A’s new share =6/10 X 3/4 =18/40
B’s new share =3/10 X 3/4 =9/40
C’s new share =1/10 X 3/4 =3/40
D’s Share =1/4
New Profit Sharing Ratio = A : B : C : D
= 18 : 9 : 3 : 10 Ans.
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 Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- 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
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