[ISC] Q. 6 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

Solution to Question number 6 of the Admission of partner chapter 3 of TS Grewal Book 2023-24 Edition ISC/CISCE Board.

Find new profit sharing ratio:

i) Kishore, Lata and Asha are partners sharing profits and losses in the ratio of 2/6 : 3/6 : 1/6. They admit Bhappi for 1/6th share. Asha is to retain her original share.

ii) Akhil, Nikhil and Adil are partners sharing profits and losses in the ratio of 3 : 2 : 5. They admit Debu and give him 1/5th share. This share is contributed by them in the ratio of 1 : 1 : 3.

Solution:-