Tamil Nadu Board of Secondary EducationHSC Commerce Class 12th

Raja and Ravi are partners, sharing profits in the ratio of 3 : 2. They admit Ram for 1/4 share of the profit. He takes 1/20 share from Raja and - Accountancy

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Sum

Raja and Ravi are partners, sharing profits in the ratio of 3 : 2. They admit Ram for 1/4 share of the profit. He takes 1/20 share from Raja and 4/20 from Ravi. Calculate the new profit sharing ratio and sacrificing ratio.

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Solution

New Profit Sharing Ratio = Old Ratio – Sacrificing Ratio

Raja = 3/5 - 1/20 = (12 - 1)/20 = 11/20

Ravi = 2/5 - 4/20 = (8 - 4)/20 = 4/20

Ram = 1/20 + 4/20 = 5/20

New Profit sharing Ratio = 11 : 4 : 5

Sacrificing Ratio = 1/20 : 4/20 = 1 : 4

Concept: New Profit Sharing Ratio and Sacrificing Ratio
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APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 12th Accountancy Answers Guide
Chapter 5 Admission of a partner
Exercises | Q IV 10. | Page 176
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