# 12th | Ts grewal 2021-2022 Question 5 to 8 | Death of a partner

#### Question 5:

(a) W, X, Y and Z are partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3 and 1/6 respectively. Y died and W, X and Z decide to share the profits and losses equally in future.
Calculate gaining ratio.
(b) A, B and are partners sharing profits and losses in the ratio of 4: 3: 2. C died. A is acquiring 4/9 of C's share and balance is acquired by B. Calculate the new profit-sharing ratio and gaining ratio.

(a)

Old Ratio (W, X, Y and Z) = of 1/3;1/6: 1/3;1/6 or 2 : 1 : 2 : 1

New Ratio (W, X and Z) = 1 : 1 : 1

Gaining Ratio = New Ratio − Old Ratio

W's Gain=1/3-2/6=2-2/6=0/6

X's Gain=1/3-1/6=2-1/6=1/6

Z's Gain=1/3-1/6=2-1/6=1/6

Gaining Ratio = 0: 1: 1

(b)

Old Ratio (A, B and C) = 4: 3: 2

C’s Profit Share =2/9

A acquires 4/9 of C’s Share and remaining share is acquired by B.

Share acquired by A=2/9×4/9=8/81

Share acquired by B=C’s share- Share acquired by A=2/9-8/81=10/81

New Profit Share = Old Profit Share + Share acquired from C

A’s new share=4/9+8/81=36+8/81=44/81

B’s new share=3/9+10/81=27+10/81=37/81

New Profit Ratio A and B = 44: 37

Gaining Ratio = New Ratio − Old Ratio

A's Gain=44/81-4/9=44-36/81=8/81

B's Gain=37/81-3/9=37-27/81=10/81

Gaining Ratio = 8: 10 or 4: 5

#### Question 6:

Keshv, Nirmaland Pankaj are partners sharing profits in the ratio of 5: 3: 2. Pankaj died and his share is taken by Keshv. Calculate new profit-sharing ratio of Keshv and Nirmal.

Old Ratio (Keshv, Nirmaland Pankaj) = 5: 3: 2

Pankaj died from the firm.

His profit share = 210

Pankaj’s share is taken by Keshv in entirety

New Ratio = Old Ratio + Share acquired from Pankaj

Keshv 's New Share: 5/10+2/10=7/10

Nirmal 's New Share: 3/10+0=310

New Profit Ratio (Keshv and Nirmal) = 7: 3

#### Page No 7.30:

Question 7: Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3 :2:1. Navita died on 30th June, 2017. Her share of profit for the intervening period was based on the sales during that period, which were ` 6,00,000. The rate of profit during the past four years had been 10% on sales. The firm closes its books on 31st March every year.

Calculate Navita’s share of profit. (CBSE 2019)

Sales during that period of the firm from 1st April, 2017 to 30th June, 2017 ` 6,00,000

The rate of profit during the past four years had been 10% on sales

Profit of the firm from 1st April, 2017 to 30th June, 2017 is ` 6,00,000 × 10/100 = ` 60,000

Share of Profit is ` 60,000 × 2/6 = ` 20,000

#### Page No 7.30:

Question 8: Anil, Sunil and Hari were partners sharing profits equally. Sunil died on 31st December, 2020. In terms of the partnership deed, accounts were prepared for the period ended 31st December, 2020 and net profit was determined at `6,00,000. Pass the Journal entry for the profit share of the partners.

 Date Particulars L.F. (Dr.) ` (Cr.) ` 2020 31st Dec. Profit and Loss Appropriation A/c   To Anil’s Capital A/c   To Sunil’s Capital A/c   To Hari’s Capital A/c (Being profit distributed) Dr. 6,00,000 2,00,000 2,00,000 2,00,000

Working Notes:

Share of each partner is Equal (1:1:1)

Share of each partner = 6,00,000 × 1/3 = 2,00,000

Click on Below link for more questions Of Volume-1 of 12th