USHA Publication Class 12 Part 1 2024 Solutions Chapter No. 6 – Partnership Accounts – V Retirement, USHA 2024 Part 1

Question 1 Chapter 6 of Class 12 Part – 1 Usha Publication

1. (Different Cases of NPS) X, Y, and Z were partners sharing in 4 : 3 : 3 ratio. Z retired and his share was taken over by
(i) X entirely , (ii) Y entirely , (iii) X and Y equally, (iv) X and Y in 1:2 ratio. Calculate New Ratio

The solution of Question 1 Chapter 6 of Class 12 Part – 1 Usha Publication: -

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Calculation of new Profit Sharing ratio

(i) Z’s share	=	3
		10

X’s gain	=	3
		10

Thus X’s New Share	=	4	+	3
		10		10
	=	7
		10

So, New Profit sharing Ratio	=	7	:	3
		10		10
	=	7	:	3

(ii) Y’s gain	=	3
		10

Thus Y’s New Share	=	3	+	3
		10		10
	=	6
		10

So, New Profit sharing Ratio	=	4	:	6
		10		10
	=	4	:	6

(iii) X’s gain	=	3	x	1
		10		2
	=	3
		20

Y’s gain	=	3	x	1
		10		2
	=	3
		20

Thus X’s New Share	=	4	+	3
		10		20
	=	11
		20

Thus Y’s New Share	=	3	+	3
		10		20
	=	9
		20

So, New Profit sharing Ratio	=	11	:	9
		20		20
	=	11	:	9

(iv) X’s gain	=	3	x	1
		10		3
	=	1
		10

Y’s gain	=	3	x	2
		10		3
	=	2
		10

Thus X’s New Share	=	4	+	1
		10		10
	=	5
		10

Thus Y’s New Share	=	3	+	2
		10		10
	=	5
		10

So, New Profit sharing Ratio	=	5	:	5
		10		10
	=	5	:	5
	=	1	:	1