Advertisement

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

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

Advertisement

Question 4 Chapter 4 of Class 12 Part – 1

Advertisement

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=3x1
42
 =3 
  8 
W’s New Share=33
48
 =3
8
U surrenders 1/6th of his share in favour of V=1x1
46
 =
  24
U’s New share=11
424
 =5
24

Advertisement-Y

V’s Share=3+1
824
 =10
24

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

Advertisement-X

Thanks, Please Like and share with your friends  

Comment if you have any questions.

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

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

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

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

+2 Book 1-min
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

Advertisement

Advertisement

error: Content is protected !!