USHA Publication Class 12 Part 1 2024 Solutions Chapter No. 5 – Partnership Accounts – IV Admission, USHA 2024 Part 1

Question 1 Chapter 5 of Class 12 Part – 1 Usha Publication

01. (NPS) X and Y are partners in 8:5 ratio. Z is admitted for 1/5th share. Find out the new ratio.

We are providing a solution of Question 11 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 1 to 11 Chapter no. 5 class 12 of Usha publication. To check the direct solution of question no. 10 from the flowing video by using time stamps of the video.

https://youtu.be/IQ0lNNT1oiY

2. Check out the Solution of this question in Article Format:-

The solution of Question 1 Chapter 5 of Class 12 Part – 1 Usha Publication: -

Old Ratio of X and Y	=	8 : 5
Z is admitted for 1/5 share of profit

Let the total share of the business = 1

Remaining share of X & Y after Z’s Admission = Total Share - Z’s Share

Remaining share	=	1	-	1
				5

=	5 - 1
		5

=	4
		5

To Calculate to New Ratio distribute the remaining share in the old ratio of old partners’

New Ratio = Combined share of X and Y x Old Ratio

X’s New Share	=	4	X	8
		5		13

=	32
		65

Y’s New Share	=	4	X	5
		5		13

=	20
		65

Z’s New Share	=	1	X	13
		5		13

=	13
		65

New Profit sharing Ratio between X, Y and Z = 32: 20: 13