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Book Name: Ultimate Book of Accountancy Class 12 Cbse Author: Dr. Vinod Kumar

This document provides a summary of problems from the book "Ultimate Book of Accountancy Class 12th CBSE" by Dr. Vinod Kumar. It lists 10 problems involving calculation of new profit sharing ratios when new partners are admitted to partnerships. The problems cover various scenarios where existing partners surrender portions of their shares to the new partners.

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449 views1 page

Book Name: Ultimate Book of Accountancy Class 12 Cbse Author: Dr. Vinod Kumar

This document provides a summary of problems from the book "Ultimate Book of Accountancy Class 12th CBSE" by Dr. Vinod Kumar. It lists 10 problems involving calculation of new profit sharing ratios when new partners are admitted to partnerships. The problems cover various scenarios where existing partners surrender portions of their shares to the new partners.

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CLASH ALIVE
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Book Name: Ultimate Book of Accountancy Class 12th CBSE

Author: Dr. Vinod Kumar


1. Vinod and Kumar are partners sharing profits in the ratio of 3:2. They admitted Mohan as a [1]
new partner for 1/5th share in the future profit. Calculate new profit sharing ratio of all the
partners.

2. A and B are partners sharing profits and losses in the ratio of 3:2. They admit C into [1]
partnership giving him 1/5th share in profits which he acquires from A and B in the ratio of
2:1. Calculate the new profit sharing ratio.

3. X and Y shared profits in the ratio of 3:2. When Z was admitted as a partner, X surrendered [1]
1/4th of his share and Y 2/5th of his share in favour of Z. calculate new profit sharing ratio.

4. Ram and Mohan are partners in a firm sharing profits in 4:1 ratio. They admitted Sohan as a [1]
new partner for 1/4th share in the profits, which Sohan acquired fully from Ram. Determine
the new profit sharing ratio of the partners.

5. VK and MK were partners in a firm sharing profits in 5:3 ratio. They admit KK and PP as [1]
new partners. VK surrenders 1/2 of her share in favour of KK. MK surrenders 1/3rd of his
share in favour of PP. Calculate new profit sharing ratio of partners.

6. Vinod and Singh are partners in a firm sharing profits in the ratio of 5:3. They admit Kumar (1)
as a new partner for 1/7th share in the profit. The new profit sharing ratio will be 4:2:1.
Calculate the sacrificing ratio of Vinod and Singh.

7. King and Singh are partners in a firm sharing profits in the ratio of 3:2. They admitted (1)
Vinod as a new partner for 1/4th share. The new profit sharing ratio between King and
Singh will be 2:1. Calculate their sacrificing ratio.

8. X and Y are partners sharing profits in the ratio of 4:3. They admit Z as a new partner. The (1)
profit sharing ratio of X, Y and Z will be 2:3:1. Calculate the gain or sacrifice of old partners.

9. A, B, C and D are in partnership sharing profits and losses in the ratio of 36:24:20:20 (1)
respectively. E joins the partnership for 20% share. A, B, C and D would share profits in
future in 3/10; 4/10; 2/10; 1/10. Calculate the new profit sharing ratio after E’s admission.

10. X and Y divide profits and losses in the ratio of 3:2. Z is admitted in the firm as a new partner (1)
with 1/6th share, which he acquires, from X and Y in the ratio of 1:1. Calculate new profit
sharing ratio of all partners.

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