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# Question 4 Chapter 4 of Class 12 Part – 1 VK Publication

Question 4 Chapter 4 of Class 12 Part - 1 VK Publication

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Question 4 Chapter 4 of Class 12 Part – 1

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4. W and U shared profits and losses in the ratio of 3:1. They admitted V as a new partner in whose favour W surrendered half of his share and U surrendered 1/6th of his share. Calculate the new profit-sharing ratio.

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

Old Ratio of W and U = 3:1

 W surrenders half of his share in favour of V = 3 x 1 4 2
 = 3 8
 W’s New Share = 3 – 3 4 8
 = 3 8
 U surrenders 1/6th of his share in favour of V = 1 x 1 4 6
 = 1 24
 U’s New share = 1 – 1 4 24
 = 5 24

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 V’s Share = 3 + 1 8 24
 = 10 24

New shares of W, U and V = 9:5:10

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Also, Check out the solved question of previous Chapters: –

## Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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