TS Grewal Solution Class 12 Chapter 3 Change in Profit Sharing Ratio (2018 2019)

TS Grewal Solution Class 12 Chapter 3 Change in Profit Sharing Ratio (2018 2019)

Question 1:

A and B are sharing profits and losses equally. With effect from 1st April, 2018, they agree to share profits in the ratio of 4 :3. Calculate individual partner's gain or sacrifice due to the change in ration.

Answer 1:

Point of knowledge:-

♦ Sacrificing ratio is the ratio in which one or more partners of the firm forego their share of profit in favour of one or more partners of the firm.

Question 2:

X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2018, they decide to share profits and losses in the ratio of 5 : 2 : 3. Calculate each Partner's gain or sacrifice due to the change in ratio.

Answer 2:

Old Ratio X: Y: Z = 5:3:2

New Ratio X: Y: Z = 5:3:2

Sacrificing Ratio = Old Ratio − New Ratio

Point of knowledge:-

♦  When we get zero from the calculation of gaining and sacrificing ratio it means, this the condition of no gain and no scarifies.

Question 3:

X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2018, they decide to share profits and losses equally. Calculate each partner's gain or sacrifice due to the change in ratio.

Answer 3:

Point of knowledge:-

♦ Gaining Ratio is the ratio in which one or more partners gain share of profit as a result of sacrificed share in profit by one or more partners of the firm.

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. C acquires 1/5th share from A.
Case 2. C acquires 1/5th share equally form A and B.
Case 3. A, B and C will share future profits and losses equally.
Case 4. C acquires 1/10th share of A and 1/2 share of B.

Answer 4:

CASE 1: Old Ratio of a: b: c = 5:4:1

New ratio of A: B: C = 3:4:3

Sacrificing ratio = old ratio − new ratio

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