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12th | Admission of a Partner | Question No.  11 To 15 | Ts Grewal Solution 2022-2023

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

Click on below links for 

12th TS Grewal’s Accountancy Solutions

Ts Grewal Solution 2022-2023

Ts Grewal Solution 2021-2022

Ts Grewal Solution 2020-2021