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.
2 :- Ahilya, Laxmi and Parvati are sharing profits and losses in the ratio of 5:3:2. With effect from 1st April 2025, they decide to share profits and losses in the ratio of 5:2:3. Calculate each partner’s gain or sacrifice due to the change in ratio.
3 :- X, Y, and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April 2025, they decide to share profits and losses equally. Calculate each partner’s gain or sacrifice due to the change in the ratio.
4 :- A, B, and C are partners sharing profits and losses in the ratio of 5 : 4 : 1. Calculate the 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 1/2 share of B.
Question 1 to 4 (Sacrificing and Gaining Share)
Question 5 (Calculation of Old Profit – Sharing Ratio on the basis of Sacrificing and Gaining share)
Question 6 to 10 (Accounting of goodwill)
Question 11 (Calculation of New Profit – sharing ratio on the basis of Adjustment of goodwill)
Question 12 to 16 (Accounting of Reserves, Accumulated Profits and Losses)
Question 17 to 20 (Accounting of Reserves, Accumulated Profits and Losses)
Question 21 to 24 (Accounting of Reserves, Accumulated Profits and Losses)
Question 25 to 28 (Revaluation of Assets and Reassessment of Liabilities)
Question 29 to 30 (Preparation of Balance Sheet)
Question 31 to 32 (Adjustment of capital)