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Question 6 Chapter 4 of Class 12 Part – 1 VK Publication

Question 6 Chapter 4 of Class 12 Part - 1 VK Publication
Question 6 Chapter 4 of Class 12 Part - 1 VK Publication

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Question 6 Chapter 4 of Class 12 Part – 1

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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=41
55
 =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

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

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

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Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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