# Question 23 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-23 - CH-6 - Usha +2 Book 2018 - Solution

Question 23 Chapter 6 of +2-Part-1

23. (Comprehensive) A , B and C are partners sharing profits in the ratio of 4 : 3 : 1. B retires selling his share of profit to A and C for Rs. 8,100. Rs. 3,600 being paid by A and Rs. 4,500 being paid by C. The profit for the year after B’s retirement was Rs. 10,500. Distribute the above profit between A and C (in accordance with the above arrangement) showing how you arrive at the same and pass the necessary journal entry (if any) to record the above.

## The solution of Question 23 Chapter 6 of +2 Part-1: –

Day - 125 | Solution of Questions 18 to 23 Retirement of a Partner Chapter 6 Accounts class 12 PSEB

Calculation of new profit sharing ratio :
Total amount to be paid to B = Rs 8,100

 Amount payable by A = 3,600 x 4 Of the total amount 9
 Thus A’s gain = 3 x 4 8 9 = 12 72
 Amount payable by C = 4,500 x 5 Of the total amount 9
 Thus C’s gain = 3 x 5 8 9 = 15 72
 A’s new share = 4 + 12 8 72 = 48 72
 C’s new share = 1 + 15 8 72 = 24 72

 A’s share in profit = 10,500 x 2 3 = Rs 7,000
 C’s share in profit = 10,500 x 1 3 = Rs 3,500
 Journal Date Particulars L.F. Debit Credit a) Profit & Loss Appropriation A/c Dr. 10,500 To A’s capital A/c 7,000 To C’s capital A/c 3,500 (Being profit during the year distributed among partners in new profit sharing ratio i.e., 2 : 1)

Comment if you have any questions.

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 04 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 10 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 16 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 22 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 28 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 34 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 40 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 49 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 55 Chapter 6 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 61 Chapter 6 of +2 Part- 1 – USHA Publication

Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.

Thanks again.

End of Post

### Download a PDF of Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner):

If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.

## Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

## Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 2 Class 12 by Unimax Publication