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# Question 56 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

Q-56 - CH-5 - Usha +2 Book 2018 - Solution

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Question 56 Chapter 5 of +2-Part-1

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56. (Adjustment of Capital) A and B are in partnership sharing profit and loss in a 2: 1 ratio.1 They admit C for share. C brings Rs.60,000 as his capital. The capital accounts of A and B after all adjustments were Rs.60,000 and Rs. 40,000 respectively. It was decided to adjust to the capital of A and B on the basis of the proportion of C’s capital to his share in the business. Calculate the amount paid or brought in by old partners.

We are providing a solution of Question 56 Chapter 5 of +2 Part-1 in two formats. one is in Video format and another is in article format. Check out both formats as follows:

### 1. Check out the Solution of this question in Video Format:-

The video consists solution of question numbers from 55 to 57 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 56 from the following video by using time stamps of the video.

Day - 92 | Solution of Questions 55 - 57 Admission of a Partner | Chapter 5 | Accounts class 12 PSEB

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## The solution of Question 56 Chapter 5 of +2 Part-1: –

Calculation of new profit share ratio

Assuming total profits of the firm = Re 1

 Share of profit acquired by C = 1 5
 Remaining share (Joint share of A and B) = 1 – 1 5 = 4 10
 A‘s a new share = 4 x 2 5 3 = 8 15
 B‘s a new share = 4 x 1 5 3 = 4 15
 C’s share = 1 or 3 5 15

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New profit sharing ratio = 8 : 4 : 3

Calculation of Total Capital of the firm on the basis of C’s capital

= New partner capital X Reverse share of New Partner

 If C’s 1 th capital is Rs. 60,000 5

Total Capital of the firm = 60,000X 5 = Rs. 3,00,000

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Calculation of new profit share ratio

 A‘s capital in new firm = 3,00,000 x 8 15 = Rs. 1,60,000
 B‘s capital in new firm = 3,00,000 x 4 15 = Rs. 80,000

Adjuted Capital of A = ₹ 60,000*
Adjuted Capital of B = ₹ 40,000*

*Calculate deficiency or surplus = New capital – Adjusted capital

A‘s deficiency or surplus = ₹ 1,60,000 – ₹ 60,000 = ₹ 1,00,000
B‘s deficiency or surplus = ₹ 80,000 – ₹ 40,000 = ₹ 40,000

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End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner) Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 04 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 10 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 16 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 22 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 28 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 34 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 40 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 45 A Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 51 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 57 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 63 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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Question 69 Chapter 5 of +2 Part-1 – USHA Publication 12 Class Part – 1

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### Download a PDF of Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner):

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## Chapter-Wise Solution of Usha Publication Accountancy – Part 1 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 1 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

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Chapter No. 1 – Accounting Not-for-Profit Organisations (Deleted from the Syllabus)

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

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Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

## Check out Part 2 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 2, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 2 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 2 Class 12 – Session 2024-25 By Usha Publication

2. Advanced Accountancy Part 2 Class 12 by Unimax Publication

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