Question 4 Chapter 5 – Unimax Class 12 Part 1 – 2021

Question 4 Chapter 5 - Unimax Class 12 Part 1 - 2021

Question 4 Chapter 5 – Unimax Class 12 Part 1

Free Accounting book Solution - Class 11 and Class 12

4. P and Q are partners sharing profits and losses in 2 : 1. R is admitted. R gets 1/4th share in the firm which he acquires 3 /20 from P and 2 /20 from Q. Calculate new profit sharing ratio of partners.

The solution of Question 4 Chapter 5 – Unimax Class 12 Part 1

A’s new share = Old Share – Sacrifice
                       =2/3_3/20
                       =40-9/60 =31/60
B’s new share =1/3_2/10
                       =20-6/60=14/60
New profit sharing ratio = P : Q : R
                        =31/60: 14/60: 1/4
                        = 31 : 14 : 15 Ans.

 

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