Question 3 Chapter 4 – Unimax Class 12 Part 1 – 2021

Question 3 Chapter 4 - Unimax Class 12 Part 1 - 2021

Question 3 Chapter 4 – Unimax Class 12 Part 1

3. P, Q and R were partners sharing profits and losses in ratio of 4 : 3 : 1. The partners agree to share future profits in ratio of 5 : 4 : 3. Calculate each partner’s sacrifice or gain due to change in ratio.

The solution of Question 3 Chapter 4 – Unimax Class 12 Part 1:

Old Share New Share Difference
P            4/8 2/15 4/8_ 5/12= 2/24 Loss
Q           3/8 4/12 3/8_4/12=1/24  Loss
R           1/8 3/12 1/8_3/12=-3/24 Gain

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)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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

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