[CBSE] Q. 4 Death of Partner Solution TS Grewal Class 12 (2023-24)

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Solution of Question number 4 of the Death of Partner Chapter of TS Grewal Book 2023-24 Edition CBSE Board.

(a) W, X, Y and Z are partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3 and 1/6 respectively. Y died and W, X and Z decide to share the profits and losses equally in future. Calculate gaining ratio.

(b) A, B and C are partners sharing profits and losses in the ratio of 4 : 3 : 2. C died, A takes 4/9 of C’s share and balances is taken by B. Calculate the new profit sharing ratio and gaining ratio.

[Ans.: (a) Gaining Ratio of W, X and Z – 0 : 1 : 1; (b) Gaining Ratio of A and – 4 : 5; New Profit sharing ratio – 44 : 37.]

Solution:-

Solutions of Death of Partner chapter 7 of TS Grewal Book class 12 Accountancy 2023-24 CBSE Board

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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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