Question 4 Chapter 4 – Unimax Class 12 Part 1
Table of Contents
4. X, Y and Z are partners sharing profits and losses in ratio of 5 : 3 : 2. Calculate the new profit sharing ratio if X, Y and Z decide that the future profit sharing ratio between Y and Z shall be the same as existing between X and Y.
The solution of Question 4 Chapter 4 – Unimax Class 12 Part 1:
Old Profit Sharing ratio of X, Y & Z is 5 : 3 : 2
Required ratio between Y & Z in future, same as old shares of X & Y i.e. 5 : 3
5/3=3/Z Or Z=9/5
5:3:9/5
So, New Ratio of X, Y & Z will be 25 : 15 : 9
What is Partnership – Meaning and Its 4 Types
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
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