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12th | Admission Of A Partner | Question No. 1 To 5 | Ts Grewal Solution 2023-2024

Double Entry Book Keeping Ts Grewal Vol. 1 2019 Solutions for Class 12 Commerce ACCOUNTANCY Chapter 5 - Admission Of A Partner

Double Entry Book Keeping Ts Grewal Volume I 2023-2024 Solutions for Class 12

Commerce Accountancy Chapter 4 - Admission Of A Partner

 

 

Question 1:


Girija ,Yatin and Zubin are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit Suresh into partnership and give him 1/5th share of profits. Find the new profit-sharing ratio.

 

Answer:


 

 

Girija  

Yatin

Zubin

OLD RATIO

5  :

3  :

2

Suresh is admitted for 1/5 share of profit

Let the combined share of profit for all partners after Suresh’s admission be = 1

Combined share of Raj, Ram and Ramesh after Suresh’s admission =1 − Suresh’s share

=1-1/5

=4/5

New Ratio = Old Ratio × Combined share of Raj, Ram and Ramesh

Girija = 5/10×4/5=20/50

Yatin =3/10×4/5=12/50

Zubin =2/10×4/5=8/50

 

Girija  

 

Yatin

 

Zubin

 

Suresh

New profit sharing ratio =

20/50      

:

12/50

:

8/50

:

1/5

=

20       

:

12

:

8

:

10

=

10         

:

6

:

4

:

5

 

Question 2:


A and B are partners sharing profits and losses in the proportion of 7:5. They agree to admit C, their manager, into partnership who is to get 1/6th share in the profits. He acquires this share as 1/24th from A and 1/8th from B. Calculate new profit-sharing ratio. 

 

Answer:


 

 

A

B

OLD RATIO

7  :

5  :

 

C admits for 1/6 share of profit

A sacrifices his share of profit in favour of C =1/24

B sacrifices his share of profit in favour of C =1/8

New Ratio = Old Ratio − Sacrificing Ratio

A’s 7/12-1/24=13/24

B’s 5/12-1/8=7/24

 

A

 

B

 

C

New profit sharing ratio=

13/24

:

7/24

:

1/6

=

13

:

7

:

1

=

13

:

7

:

4

 

Question 3:


A, B and C were partners in a firm sharing profits in the ratio of  3 : 2 : 1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. Calculate the new profit-sharing ratio of A, B, C and D

Answer:


A, B and C shares profits in the ratio of  3 : 2 : 1.

D’s share = 1/8 (D acquired 1/16 from B and C each)

A’s share =3/6 (retains original share)

B’s new share=2/6-1/16=13/48          

C’s new share=1/6-1/16=5/48

New ratio of ABCD =3/6: 13/48: 5/48: 1/8 or 24:13:5:6

 

Question 4:


Bharati and Astha were partners sharing profits in the ratio of  3 : 2. They admitted Dinkar as a new partner for 1/5th share in the future profits of the firm which he got equally from Bharati and Astha. Calculate the new profit-sharing ratio of Bharati, Astha and Dinkar.

Answer:


Calulation of New Profit Sharing Ratio

Bharti :Astha=3:2 (Old Ratio)

Dinkar=1/5

Bharti's sacrifice=1/5×1/2=1/10

Astha's sacrifice=1/5×1/2=1/10

Bharti's new share=3/5−1/10=6−1/10=5/10

Astha's new share=2/5−1/10=4−1/10=3/10

Dinkar's new share=1/5×2/2=2/10

Bharti :Astha :Dinkar=5:3:2 (New Ratio)

 

Question 5:


Mohan and Mahesh are partners in a firm sharing profits and losses in the ratio of 3 : 2. Nusrat is admitted as partner with 1/4 share in profit. Nusrat takes his share from Mohan and Mahesh in the ratio of 2 : 1. Calculate new profit-sharing ratio.

Answer:


Old Profit Sharing Ratio amongst Partners (Mohan and Mahesh) is 3 : 2
Nusrat is admitted for 1/4th Share in Profits
Sacrificing Ratio of Mohan and Mahesh is 2 : 1
Nusrat acquires =2/3×1/4=2/12 from Mohan

Nusrat acquires =1/3×1/4=1/12 from Mahesh


New ratio= old ratio – new ratio

Mohan‘s new share=3/5 -2/12  =36-10/60=26/60

Mahesh ‘s new share=2/5 -1/12  =24-5/60=19/60

Nusrat’s share=1/4=15/60

New ratio= 26:19:15

 

Ts Grewal Solution 2023-2024

Click below for more Questions

Class 12 / Volume – I

Chapter 4 – Admission Of A Parnter

 

Question No. 1 To 5
Question No. 6 To 10
Question No. 11 To 15
Question No. 16 To 20
Question No. 21 To 25
Question No. 26 To 30
Question No. 31 To 35