Question 11: Mahi and Rajat were in partnership sharing profits
and losses in the ratio of 4:3. They admitted Kripa as a new partner. Kripa
brought `60,000 as her share of goodwill premium which
was entirely credited to Mahi's Capital Account. On the date of admission,
goodwill of the firm was valued at `4,20,000.
Calculate the new profit-sharing ratio of Mahi, Rajat and Kripa. (CBSE 2020)
Answer:
Kripa brought `60,000 as her share of goodwill premium
share of Kripa = 60,000/4,20,000=1/7 given by Mahi
Remaing share of Mahi = 4/7-1/7=3/7
New Ratio of –
|
Mahi |
: |
Rajat |
: |
Kripa |
|
3/7 |
: |
3/7 |
: |
1/7 |
Question 12:
Rakesh and Suresh are sharing profits in the ratio of 4 : 3. Zaheer joins and the new ratio among Rakesh, Suresh and Zaheer is 7 : 4 : 3. Find out the sacrificing ratio.
Answer:
|
|
Rakesh |
Suresh |
Zaheer |
|
OLD
RATION |
4 : |
3 |
|
|
NEW
RATIO |
7 : |
4 : |
3 |
Sacrificing Ratio = Old Ratio − Sacrificing Ratio
|
Rakesh’s |
=4/7-7/14 |
|
|||
|
|
=1/14 |
|
|||
|
Suresh’s |
=3/7-4/14 |
|
|||
|
|
=2/14 |
|
|||
|
|
Rakesh |
|
Suresh |
||
|
Sacrificing sharing ratio = |
1/14 |
: |
2/14 |
||
|
= |
1 |
: |
2 |
||
Question 13:
Karim and Rehman are
partners sharing profits in the ratio of 3 : 2. Naval is admitted as a
partner. The new profit-sharing ratio among Karim, Rehman and
Naval is 4 : 3 : 2. Find out the sacrificing ratio.
Answer:
|
|
Karim |
Rehman |
Naval |
|
OLD
RATION |
3 : |
2 |
|
|
NEW
RATIO |
4 : |
3 : |
2 |
Sacrificing Share = Old Ratio − New Ratio
|
Karim’s |
=3/5-4/9 |
|
|||
|
|
=7/45 |
|
|||
|
Rehman’s |
=2/5-3/9 |
|
|||
|
|
=3/45 |
|
|||
|
|
Karim |
|
Rehman |
||
|
Sacrificing sharing ratio = |
7/45 |
: |
3/45 |
||
|
= |
7 |
: |
3 |
||
Question 14:
A,
B
and C are partners sharing profits in the ratio of 4 : 3 : 2. D
is admitted for 1/3rd share in future profits. What is the sacrificing ratio?
Answer:
|
|
A |
|
B |
|
C |
|
OLD
RATIO = |
4 |
: |
3 |
: |
2 |
D is admitted for 1/3share of profit
Let the combined share of profit of A, B C and D be = 1
Combined share of A, B and C after D’s admission = 1 − D’s shares
=1-1/3
=2/3
New Ratio = Old
Ratio combined share of A, B and C
|
A’s |
=4/9×2/3 |
|
|
=8/27 |
|
B’s |
=3/9×2/3 |
|
|
=6/27 |
|
C’s |
=2/9×2/3 |
|
|
=4/27 |
Sacrificing Ratio = Old Ratio − New Ratio
|
A’s |
=4/9-8/27 |
|
|
|
|||||
|
|
=4/27 |
|
|
|
|||||
|
B’s |
=3/9-6/27 |
|
|
|
|||||
|
|
=3/27 |
|
|
|
|||||
|
C’s |
=2/7-4/27 |
|
|
|
|||||
|
|
=2/27 |
|
|
|
|||||
|
|
A |
|
B |
|
C |
||||
|
Sacrificing sharing ratio = |
4/27 |
: |
3/27 |
: |
2/27 |
||||
|
= |
4 |
: |
3 |
: |
2 |
||||
Question 15:
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.
Answer:
|
|
A |
|
B |
|
C |
|
D |
|
OLD
RATIO = |
36 |
: |
24 |
: |
20 |
: |
20 |
E is admitted for 20/100 share
Let combined share of profit of all partners after E’s admission = 1
Combined share of
A, B, C and D after E’s admission = 1 − E’s Share
=1-20/100
=80/100
New Ratio = Combined of A, B, C and D Agreed Share of A, B, C and D
|
A’s |
=80/100×3/10 |
|
|
|
|||||||||
|
|
=24/100 |
|
|
|
|||||||||
|
B’s |
=80/100×4/10 |
|
|
|
|||||||||
|
|
=32/100 |
|
|
|
|||||||||
|
C’s |
=80/100×2/10 |
|
|
|
|||||||||
|
|
=16/100 |
|
|
|
|||||||||
|
D’s |
=80/100×1/10 |
|
|
|
|||||||||
|
|
=8/100 |
|
|
|
|||||||||
|
|
A |
|
B |
|
C |
|
D |
|
E |
||||
|
New profit sharing ratio = |
24/100 |
: |
32/100 |
: |
16/100 |
: |
8/100 |
: |
20/100 |
||||
|
= |
6 |
: |
8 |
: |
4 |
: |
2 |
: |
5 |
||||
Ts Grewal Solution 2022-2023
Click below for more Questions
Class 12 / Volume – I
Chapter 1 – Admission of a Partner
Question No. 1 To 5
Question No. 5 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
Question No. 36 To 40
Question No. 41 To 45
Question No. 46 To 50
Question No. 51 To 55
Question No. 56 To 60
Question No. 61 To 65
Question No. 66 To 70
Question No. 71 To 75
Question No. 76 To 80
Question No. 81 To 83
Question No. 84 To 86
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12th TS Grewal’s Accountancy Solutions