Question No 4 of TS Grewal (CBSE)

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, C acquires 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 1/2th share of B.        

Solution No 4 of TS Grewal (CBSE)

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