[ISC] Q. 11 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

Solution to Question number 11 of the Admission of partner chapter 3 of TS Grewal Book 2023-24 Edition ISC/CISCE Board.

Avtar, Sahil and Satvir are partners sharing profits and losses in the ratio of 9 : 6 : 5. Vijay is admitted as a partner for 1/4th share in future profits and losses. Sahil sacrifices 1/10th from his share in favour of Vijay and rest of the sacrifice was made by Avtar and Satvir in the ratio of 2 : 1. Calculate new profit sharing ratio and sacrificing ratio.

Solution:-