[CBSE] Q. 9 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

Solution to Question number 9 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

Find the New Profit Sharing Ratio:

i) R and T are partners in a firm sharing profits in the ratio of 3 : 2. S joins the firm, R surrenders 1/4th of his share and T 1/5th of his share in favour of S.

ii) A and B are partners. They admit C for 1/4th share. In future, the ratio between A and B would be 2 : 1.

iii) A and B are partners sharing profits and losses in the ratio of 3 : 2. They admit C for 1/5th share in the profit. C acquires 1/5th of his share from A and 4/5th share from B.

iv) A, B and C are partners in the ratio of 1/2 : 1/3 : 1/6. D joins the firm as a new partner for 1/6th share in profits. C would retain his original share.

v) A and B are equal partners. They admit C and D as partners with 1/5th and 1/6th share respectively.

vi) A and B are partners sharing profits in the ratio of 5 : 3. C is admitted for 3/10th share of profit half of which was gifted by A and the remaining share was taken by C equally from A and B.

[Ans.: (I) New Profit-sharing Ratio of R, T and S – 45 : 32 : 23; (ii) New Profit Sharing Ratio of A, B and C – 2 : 1 : 1; (iii) New Profit Sharing Ratio of A, B and C – 14 : 6 : 5; (iv) New Profit Shraing Ratio of A, B, C and D – 12 : 8 : 5 : 5; (v) New Profit Sharing Ratio of A, B, C and D – 19 : 19 : 12 : 10; (vi) New Profit Sharing Ratio of A, B and C – 4 : 3 : 3.]

Solution:-

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