Question 7 Chapter 5 – Unimax Class 12 Part 1 – 2021

Question 7 Chapter 5 - Unimax Class 12 Part 1 - 2021

Question 7 Chapter 5 – Unimax Class 12 Part 1

Free Accounting book Solution - Class 11 and Class 12

7. A and B are partners sharing profits and losses in ratio 3 : 2. C is admitted for 1/4th share. A and B decide to share equally in future. Find the sacrificing ratio and new profit sharing ratio.

The solution of Question 7 Chapter 5 – Unimax Class 12 Part 1

Let total profit = 1
C’s Share =1/4
Remaining Profit = 1 -1/4 =4-1/4 =3/4
A’s new share =3/4 X 1/2 =3/8
B’s new share =3/4 X 1/2 =3/8
New profit sharing ratio = A : B : C
                      =3/8: 3/8: 1/4
                      = 3 : 3 : 2 Ans.
Calculation of Sacrificing Ratio = Old Share – New share
A’s Sacrifice =3/5_3/8
                   =24-15/40 =9/40
B’s Sacrifice =2/5_3/8
                   =16-15/40 =1/4
Sacrificing Ratio = A : B
                  =9/40: 1/40
                  = 9 : 1 Ans.

 

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