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Class XII Accountancy

TS Grewal’s Chapter 5
Admission of a Partner

Calculation of New Profit Sharing Ratio and Sacrificing Ratio

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Solution of Question 1 to Question 15.

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The concept of profit sharing ratio and sacri ratio play a crucial role in the functioning of any partnership firm. The admission of a new partner also affects the distribution of profits and losses among the existing partners. In this article, we will discuss the solution to problems 1 to 15 of chapter 5 of TS Grewal’s book, which deals with the new profit sharing ratio, sacri ratio, and admission of a partner.

Solution 1 to 15 of chapter 5 of TS Grewal’s book covers various scenarios related to the admission of a new partner in an existing partnership firm. These scenarios involve changes in the profit sharing ratio, sacri ratio, and the distribution of profits and losses among the partners.

In problem 1, we are given the details of a partnership firm and the current profit sharing ratio among the partners. We are asked to calculate the new profit sharing ratio if a new partner is admitted who is to bring in capital and goodwill.

To solve this problem, we need to calculate the new total capital and goodwill of the firm after the admission of the new partner. We can then use this information to calculate the new profit sharing ratio according to the agreed terms of the partnership deed.

Similarly, problem 2 asks us to calculate the new profit sharing ratio if there is a change in the existing profit sharing ratio after the admission of a new partner. This problem requires us to calculate the new ratio based on the revised agreement among the partners.

In problem 3, we are given the details of a partnership firm and the current sacri ratio among the partners. We are asked to calculate the new sacri ratio if a new partner is admitted.

The sacri ratio is the ratio in which the partners share the losses of the firm. To calculate the new sacri ratio in this scenario, we need to consider the new total capital and goodwill of the firm after the admission of the new partner and calculate the revised sacri ratio based on the terms of the partnership deed.

Problems 4 to 6 deal with the admission of a new partner who brings in capital only, without goodwill. These problems require us to calculate the new profit sharing ratio, sacri ratio, and the new value of the firm after the admission of the new partner.

Problem 7 to 9 deal with the admission of a new partner who brings in both capital and goodwill. These problems require us to calculate the new profit sharing ratio, sacri ratio, and the new value of the firm after the admission of the new partner in addition to the value of the goodwill he brings in.

Problem 10 to 15 deal with the admission of a partner who acquires his share of the profits from an outgoing partner. These problems require us to calculate the value of the share acquired by the new partner, the new profit sharing ratio, and the new sacri ratio based on the terms of the partnership deed.

In conclusion, the solution to problems 1 to 15 of chapter 5 of TS Grewal’s book provides a comprehensive understanding of the concept of profit sharing ratio and sacri ratio and how they are affected by the admission of a new partner in a partnership firm. These problems are essential in understanding the various scenarios that can arise when a new partner is admitted and how they impact the distribution of profits and losses in the firm.