Admission of a Partner 2022-23 of Ts Grewal Book Solutions

55]

Calculation of Sacrifice Ratio / Gaining Ratio

Old Ratio = 6:3:1

New Ratio = 3:3:3:1

General Reserve	150000
Contingency Reserve	60000
Profit and Loss (cr.)	90000
	300000
Less: Advertisement Suspense (dr.)	-120000
Adj. Amount	180000

A’s Share = 180000 x 3/10 = 54000 (cr.)

B’s Share = 180000 x 0/10 = 0

C’s Share = 180000 x 2/10 = 36000 (dr.)

D’s Share = 180000 x 1/10 = 18000 (dr.)

Subscribe to get the latest posts to your email.