Solution of Q 4 Change in Profit-Sharing Ratio TS Grewal 2022-23 [CBSE]
Step-by-step solution of Question 4, Chapter 4 Change in Profit-Sharing Ratio Among the Existing Partners, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.
Question 4
A, B and C are partners sharing profits and losses in the ratio of 5 : 4 : 1. Calculate new profit-sharing ratio, sacrificing ratio and gaining ratio in each of the following cases:
Case 1. As per new agreement, C acquires 1/5th share from A.
Case 2. As per new agreement, C acquires 1/5th share equally from A and B.
Case 3. As per new agreement, A, B and C will share future profits and losses equally.
Case 4. As per new agreement, C acquires 1/10th share of A and 1/2 share of B.
Solution
All questions of Chapter 4
Orange = this question · Grey = already opened.
About this solution
This is Chapter 4 Change in Profit-Sharing Ratio of TS Grewal Edition 2022-23.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.
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