Category: Chapter No. 4 – Partnership Accounts – III Reconstitution of Partnership

Question 5 Chapter 4 of Class 12 Part – 1 Usha Publication 5. (Goodwill exist in the balance sheet) P, Q and R are partners in 4:3:3 ratio. The new ratio is 1:2:2. Goodwill already in the books Rs.75,000 and Read More …

Question 4 Chapter 4 of Class 12 Part – 1 Usha Publication 4. (Goodwill doesn’t exist) X, Y and Z are partners sharing profits in 5:3:2 ratio. From 1st January 2016, they decide to share profits and losses in 2:5:3 Read More …

Question 3 Chapter 4 of Class 12 Part – 1 Usha Publication 3. (NPS/ Sacrifice and Gain) A, B and C are partners in 3:7:5 ratio. They decided to change their ratio as follows. A gave 1/15 from his share Read More …

Question 2 Chapter 4 of Class 12 Part – 1 Usha Publication 2. (NPS/ Sacrifice and Gain) A, B and C are partners in 2:1:3 ratio. The new ratio will be 5:3:2. Calculate the gain or sacrifice of each partner Read More …

Question 1 Chapter 4 of Class 12 Part – 1 Usha Publication 1. (NPS/ Sacrifice and Gain) A and B were partners in a firm sharing profits in the ratio of 3:2, with effect from 1st January, they agreed to Read More …