[CBSE] Q. 17 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

Solution to Question number 17 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

Amit and Vidya are partners sharing profits in the ratio of 3 : 2. They admit Chintan into partnership who acquires 1/5th of his share from Amit and 4/25th share from vidya. Calculate New Profit sharing ratio and Sacrificing Ratio.

[Ans.: New Profit-sharing Ratio of Amit, Vidya and Chintan – 14 : 6 : 5; Sacrificing Ratio of Amit and Vidya – 1 : 4.]

Solution:-

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