Jayant, Kartik and Leena were partners in a firm sharing profit and loss in the Ratio 5: 2: 3. died Jayant decided to continue the business. Their gaining-Ratio was 2: 3. Calculate the new profit-sharing Ratio of Jayant and Leena. (C.B.S.E. 2018) Post category:Accountancy Reading time:1 mins read SOLUTION New Ratio 29: 21. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostOn the retirement of ‘Hari from the firm, of ‘Hari Ram and Sharma’ the balance sheet showed a debit balance of Rs. 12,000 in the profit and loss account. How will you deal with this balance? (C.B.S.E.2015 ) Next PostAman, Yatin and Uma were partners and were sharing profits and losses in the ratio of 5: 3: 2. Uma retired and her share was taken over by Aman and Yatin in 5:3 ratio. Calculate the gaining ratio and new ratio of Aman and Yatin. (C.B.S.E.2018, Comptt.) You Might Also Like Asgar, Chaman and Dholu are partners in a firm. Their Capital Accounts stood at Rs. 6,00,000; Rs. 5,00,000 and Rs. 4,00,000 respectively on 1st April, 2017. They shared Profits and Losses in the proportion of 4 : 2 : 3. Partners are entitled to interest on capital @ 8% per annum and salary to Chaman and Dholu @ Rs. 7,000 per month and Rs. 10,000 per quarter respectively as per the provision of the Partnership Deed. Dholu’s share of profit (excluding interest on capital but including salary) is guaranteed at a minimum of Rs. 1,10,000 p.a. Any deficiency arising on that account shall be met by Asgar. The profit for the year ended 31st March, 2018 amounted to Rs. 4,24,000. Prepare Profit and Loss Appropriation Account for the year ended 31st March, 2018. July 22, 2022 Amit and Beena were partners in a firm sharing profits and losses in the ratio of 3: 1. Chaman was admitted as a new partner for l/6lh share in the profits. Chaman acquired 2/5th of his share from Amit. How much share did Chaman acquire from Beena? (Delhi and AI 2018) October 8, 2022 If a fixed amount is withdrawn on the first day of every month, for what period the interest on total drawings will be calculated? September 23, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.