Question 3 Chapter 5 – Unimax Class 12 Part 1 – 2021

Question 3 Chapter 5 - Unimax Class 12 Part 1 - 2021

Question 3 Chapter 5 – Unimax Class 12 Part 1

Free Accounting book Solution - Class 11 and Class 12

3. A and B are partners sharing profits and losses in ratio 3 : 2. They admit C for 3/10th Share which he acquires in the ratio of 2 : 1 from old partners. Calculate new profit sharing ratio.

The solution of Question 3 Chapter 5 – Unimax Class 12 Part 1

A’s new share = Old Share – Sacrifice
     =3/5-[2/3 X 3/10]
     =3/5_2/10 =6-2/10 =4/10
B’s new share =2/5_[1/3 X 3/10]
                   =2/5_1/10 =4-1/10 =3/10
New profit sharing ratio = A : B : C
                 =4/10: 3/10: 3/10
                 = 4 : 3 : 3 Ans.

 

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