[CBSE] Q. 16 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

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Solution to Question number 16 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

A, B, C and D are in partnership sharing profits and losses in the ratio of 36 : 24 : 20 : 20 respectively. E joins the partnership for 20% share and A, B, C and D in future would share profits among themselves as 3/10 : 4/10 : 2/10 : 1/10. Calculate new profit sharing ratio after E’s admission.

[Ans.: New Profit Sharing Ratio of A, B, C, D and E – 6 : 8 : 4 : 2 : 5.]

Solution:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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