Change In Profit Sharing Ratio (Important Questions Series) Class 12th Accounts T.S.Grewal Que 1,4,5

Change In Profit Sharing Ratio (Important Questions Series) Class 12th Accounts T.S.Grewal Que 1,4,5 Session 2025-26 Instagram Link : https://www.instagram.com/manojsharma... 1. Om and Shyam are sharing profits and losses equally. With effect from 1st April, 2025, they agree to share profits in the ratio of 4: 3. Calculate individual partner's gain or sacrifice due to the change in ratio. [Ans.: Om gains and Shyam sacrifices 1/14th share. 4. A, B and C are partners sharing profits and losses in the ratio of 5: 4: 1. Calculate new profit-sharing ratio, sacrificing ratio and gaining ratio in each of the following cases: Case 1. As per new agreement, C acquires 1/5th share from A. Case 2. As per new agreement, Cacquires 1/5th share equally from A and B. Case 3. As per new agreement, A, B and C will share future profits and losses equally. Case 4. As per new agreement, C acquires 1/10th share of A and 1/2 share of B. [Ans.: Case 1. New Profit-sharing Ratio-3: 4: 3; Sacrifice of A-1/5; Gain of C-1/5; Case 2. New Profit-sharing Ratio 4:3:3; Sacrificing Ratio (A and B)-1: 1; Gain of C-2/10; Case 3. New Profit-sharing Ratio Equal; Sacrificing Ratio (A and B)-5: 2; Gain of C-7/30; Case 4. New Profit-sharing Ratio-9:4:7; Sacrificing Ratio (A and B)-1: 4; Gain of C-5/20. Calculation of Old Profit-sharing Ratio on the basis of Sacrificing and Gaining Ratio 5. Pranav, Karan and Rahim are partners sharing profits and losses in agreed ratio. With effect from 1st April, 2025, they agreed to share profit in the ratio of 3: 3: 4. To arrive at the new ratio, Rahim takes 1/5th share equally from Pranav and Karan. Calculate the old profit-sharing ratio. [Ans.: Old Ratio-2:2:11