Question 1

Q.No.1 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 01 Chapter 5 of +2-A
1. X,Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit A into partnership and give him 1/5th share of profits. Find the new profit-sharing ratio.
The solution of Question 01 Chapter 5 of +2-A

Old Ratio of X, & Y
=
5 : 3 : 2

A is admitted for 1/5 share of profit

Let the total share of the business = 1Remaining share of X,Y & Z after A’s Admission = Total Share - A’s Share

Remaining share
=
1
 -
1

4

Question 2

Q.No.2 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 02 Chapter 5 of +2-A
2. Ravi and Mukesh are sharing profits in the ratio of 7 : 3. They admit Ashok for 3/7th share in the firm which he takes 2/7th from Ravi and 1/7th from Mukesh. Calculate new profit-sharing ratio.
The solution of Question 02 Chapter 5 of +2-A

Old Ratio of X, & Y
=
7 : 3

Ashok is admitted for 3/7th share of profit

Ravi Sacrifice his share in the favour of Ashok  = 2/7Mukesh Sacrifice his share in the favour of Ashok  = 1/7In this case, we don’t n

Question 3

Q.No.3 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 03 Chapter 5 of +2-A
3. A and B are partners sharing profits and losses in the proportion of 7 : 5. They agree to admit C, their manager, into partnership who is to get 1/6th share in the profits. He acquires this share as 1/24th from A and 1/8th from B. Calculate new profit-sharing ratio.
The solution of Question 03 Chapter 5 of +2-A

Old Ratio of A and B
=
7 : 5

C is admitted for 1/6th share of profit

A Sacrifice his share in the favour of C = 1/24B Sacrifice his share

Question 4

Q.No.4 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 04 Chapter 5 of +2-A
4. A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. Calculate the new profit-sharing ratio of A, B, C and D.
The solution of Question 04 Chapter 5 of +2-A

Old Ratio of A, B and C
=
3 : 2 : 1

D is admitted for 1/8th share of profit

B Sacrifice his share in the favour of D = 1/16C Sacrifice his share in the f

Question 5

Q.No.5 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 05 Chapter 5 of +2-A
5. Bharati and Astha were partners sharing profits in the ratio of 3 : 2. They admitted Dinkar as a new partner for 1/5th share in the future profits of the firm which he got equally from Bharati and Astha. Calculate the new profit-sharing ratio of Bharati, Astha and Dinkar
The solution of Question 05 Chapter 5 of +2-A

Old Ratio of Bharati and Astha
=
3 : 2

Dinkar is admitted for 1/5th share of profit which he got equally from the bothIn this case we hav

Question 6

Q.No.6 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 06 Chapter 5 of +2-A
6. X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4 share in profit. Z acquires his share from X and Y in the ratio of 2 : 1.Calculate new profit-sharing ratio.
 
The solution of Question 06 Chapter 5 of +2-A

Old Ratio of X and Y
=
3 : 2

Z is admitted for 1/4th Share in Profitssacrificing Ratio of X and Y is 2 : 1In this case we have to calculate the sacrificing share of both partners wi

Question 7

Q.No.7 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 07 Chapter 5 of +2-A
7. R and S are partners sharing profits in the ratio of 5 : 3. T joins the firm as a new partner. R gives 1/4th of his share and S gives 1/5th of his share to the new partner. Find out new profit sharing ratio.
 
The solution of Question 07 Chapter 5 of +2-A

Old Ratio of R and S
=
5 : 3

R Sacrifice his share in the favour of T
=
1/4th

S Sacrifice his share in the favour of T
=
1/5th

In this case we have to calculate the sacrificing share of both

Question 8

Q.No.8 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 08 Chapter 5 of +2-A
8. Kabir and Farid are partners in a firm sharing profits and losses in the ratio of 7 : 3. Kabir surrenders 2/10th from his share and Farid surrenders 1/10th from his share in favour of Jyoti; the new partner. Calculate new profit-sharing ratio and sacrificing ratio.
 
The solution of Question 08 Chapter 6 of +2-A

Old Ratio of R and S
=
7 : 3

Kabir Sacrifice from his share in the favour of Jyoti
=
2/10th

Farid Sacrifice from his share in the favour

Question 9

Q.No.9 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 09 Chapter 5 of +2-A
Find New Profit-sharing Ratio:

R and T are partners in a firm sharing profits in the ratio of 3: 2. S joins the firm. R surrenders 1/4th of his share and T 1/5th of his share in favour of S.
A and B are partners. They admit C for 1/4th share. In future, the ratio between A and B would be 2: 1.
A and B are partners sharing profits and losses in the ratio of 3: 2. They admit C for 1/5th share in the profit. C acquires 1/5th of his share from A and 4/5th share from B

Question 10

Q.No.10 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 10 Chapter 5 of +2-A
10. X and Y were partners sharing profits in the ratio of 3 : 2. They admitted P and Q as new partners. X surrendered 1/3rd of his share in favour of P and Y surrendered 1/4th of his share in favour of Q. Calculate new profit-sharing ratio of X, Y, P and Q.
 
The solution of Question 10 Chapter 6 of +2-A

Old Ratio of X and Y
=
3 : 2

X surrendered his share in the favour of P
=
1/3th

Ysurrendered his share in the favour of Q
=
1/4th

In this case w

Question 11

Q.No.11 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 11 Chapter 5 of +2-A
11. Rakesh and Suresh are sharing profits in the ratio of 4 : 3. Zaheer joins and the new ratio among Rakesh, Suresh and Zaheer are 7: 4 : 3. Find out the sacrificing ratio.
 
The solution of Question 11 Chapter 5 of +2-A

Old Ratio of Rakesh and Suresh
=
4 : 3

New Ratio of Rakesh, Suresh, and Zaheer
=
7: 4 : 3

Sacrificing Share = Old Ratio - New Ratio

Rakesh’s Sacrificing Share
=
4
-
7

7
14

=
1

14

Suresh’s Sacrificing Share
=
3

Question 12

Q.No.12 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 12 Chapter 5 of +2-A
12. A and B are partners sharing profits in the ratio of 3: 2. C is admitted as a partner. The new profit-sharing ratio among A, B and C is 4 : 3: 2. Find out the sacrificing ratio
 
The solution of Question 12 Chapter 5 of +2-A

Old Ratio of A and B
=
3: 2

New Ratio of A, B, and C
=
4 : 3: 2

Sacrificing Share = Old Ratio - New Ratio

A’s Sacrificing Share
=
3
-
4

5
9

=
7

45

B’s Sacrif

Question 13

Q.No.13 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 13 Chapter 5 of +2-A
13. A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. D is admitted for 1/3rd share in future profits. What is the sacrificing ratio?
 
The solution of Question 13 Chapter 6 of +2-A

Old Ratio of A, B and C
=
4 : 3 : 2

A is admitted for 1/3rd share of profit

Let the total share of the business = 1Remaining share of A, B and C  = Total Share - D’s Share

Remaining share
=
1
-
1

3

=
3 - 1

3

=
2

3

To Calculat

Question 14

Q.No.14 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 14 Chapter 5 of +2-A
14.A, B, C and D are in partnership sharing profits and losses in the ratio of 36 : 24 : 20 : 20 respectively. E joins the partnership for 20% share and A, B, C and D in future would share profits among themselves as 3/10 : 4/10 : 2/10 : 1/10. Calculate new profit-sharing ratio after E's admission .
 
The solution of Question 14 Chapter 6 of +2-A

Old Ratio of A, B, C and D
=
36 : 24 : 20 : 20

A is admitted for 1/3rd share of profit

Let the total share

Question 15

Q.No.15 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 15 Chapter 5 of +2-A
15. X and Y are partners sharing profits and losses in the ratio of 3: 2. They admit Z into partnership. X gives 1/3rd of his share while Y gives 1/10th from his share to Z. Calculate new profit sharing ratio and sacrificing ratio.
The solution of Question 15 Chapter 5 of +2-A

Old Ratio of X and Y
=
3 : 2

X's sacrifice=13×35=315

Y's sacrifice=110

Sacrificing Ratio = 2 :1

New Ratio = Old Share - Share SacrificedX's new share=35-315=615Y's new

Question 16

Q.No.16 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 16 Chapter 5 of +2-A
16. A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted as a new partner for 1/6th share. C will retain his original share. Calculate the new profit-sharing ratio and sacrificing ratio
 
The solution of Question 16 Chapter 6 of +2-A

Old Ratio of A ,B and C 
=
2 : 2 : 1

D is admitted for 1/6th share while C will continue to retain his original share 1/5

Remaining share
=
1
-
20
-
1

100
5

=
30 - 5 -

Question 17

Q.No.17 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 17 Chapter 5 of +2-A
17. A and B are in partnership sharing profits and losses as 3 : 2. C is admitted for 1/4th share. Afterwards D enters for 20 paise in the rupee. Compute profit-sharing ratio of A, B, C and D after D's admission
 
The solution of Question 17 Chapter 6 of +2-A

Old Ratio of A and B 
=
3 : 2

C’s admitted for 1/4 share of profitLet the combined share of profit of all partners be = 1Combined share of A and B after C’s admission = 1 − C

Question 18

Q.No.18 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 18 Chapter 5 of +2-A
18. P and Q are partners sharing profits in the ratio of 3 : 2. They admit R into partnership who acquires 1/5th of his share from P and 4/25th share from Q. Calculate New Profit-sharing Ratio and Sacrificing Ratio.
 
The solution of Question 18 Chapter 6 of +2-A

Old Ratio of X and Y
=
3 : 2

R acquires 1/5th of his share from P

R acquires 4/25th share from Q

Note: - In the Question R acquires 1/5 of his from P but 4/25th share from Q So, here we

Question 19

Q.No.20 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 20 Chapter 5 of +2-A
20. A and B are partners sharing profits and losses in the ratio of 2 : 5. They admit C on the condition that he will bring 14,000 as his share of goodwill to be distributed between A and B. C's share in the future profits or losses will be 1/4th. What will be the new profit-sharing ratio and what amount of goodwill brought in by C will be received by A and B?
 
The solution of Question 20 Chapter 6 of +2-A

Old Ratio of A and B
=
2 : 5

C is admi

Question 20

Q.No.21 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

Sarbjit Singh · Accepted Answer

Question 21 Chapter 5 of +2-A
21. A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. A new partner C is admitted. A surrenders 1/5th of his share and B surrenders 2/5th of his share in favour of C. For the purpose of C's admission, goodwill of the firm is valued at 75,000 and C brings in his share of goodwill in cash which is retained in the firm's books. Journalise the above transactions.
 
The solution of Question 21 Chapter 6 of +2-A

Date
Particulars
L.F.
D

Old Ratio of X, & Y	=	5 : 3 : 2
A is admitted for 1/5 share of profit

New Profit sharing Ratio between X, Y, Z, and A	=	20 : 12 : 8 : 10
	=	10: 6 : 4 : 5

T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1 Solutions Chapter No. 5 - Admission of Partner

Quick Chapter Summary & Cheat Sheet

💡 Double Entry Accounting Principles

Topics & Questions Solved:

Q.No.1 | Chapter 5 – Admission of Partner | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1

The solution of Question 01 Chapter 5 of +2-A

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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