Question 6 Chapter 4 of Class 12 Part – 1
Table of Contents
6. Ved and Roy are partners sharing profits and losses in the ratio of 4: 1. They admit Gopal as a new partner who gets 1/5th of his share of profit, entirely from Ved. Calculate new profit-sharing ratio.
The solution of Question 6 Chapter 4 of Class 12 Part – 1: –
| Ved’s original share | = | 4 | |
| 5 |
| Ved’s sacrifice in favour of Gopal | = | 1 |
| 5 |
| Ved’s new share | = | 4 | – | 1 |
| 5 | 5 |
| = | 3 | |
| 5 |
Hence, New Ratio will be 3:1:1
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Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- 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)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
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