Solution for Q 01 to 10 of Chapter 5 of T S Grewal Class 12 Accountancy 2026-27 are given below. The Chapter name is Retirement of a Partner from Partnership Accounts class 12. These Solutions are based on topics Calculation of New ratio and sacrificing and gaining ratio.
Working notes are given with each solution. These help in understanding the steps and are also important for board exams as marks are given for steps.
These solutions are also useful for CA Foundation, CS Foundation and CMA Foundation students. The solutions will be helpful for students as well as teachers teaching class 12 accounts.
Question 1
| Old Profit Sharing Ratio |
| Gaurav |
Lakshya |
Prem |
| 1/2 |
2/5 |
1/10 |
| 5 |
4 |
1 |
| Prem retires |
| |
| The new profit sharing ratio is not given |
| Also the ratio in which the share acquired (Gaining ratio)is not given |
| So the remaining partners will share in their old profit sharing ratio |
| |
| New Profit ratio |
|
| Gaurav |
Lakshya |
|
| 5 |
4 |
|
▶ Video Solution: Coming Soon
Question 10
| Old Profit Sharing Ratio |
|
|
|
| Murli |
Naveen |
Omprakash |
Total |
|
|
|
| 3/8 |
1/2 |
1/8 |
1 |
|
|
|
| 3 |
4 |
1 |
8 |
|
|
|
| Murli surrenders to Naveen |
(2/3*3/8) |
1/4 |
| Murli surrenders to Omprakash |
(3/8 - 1/4) |
1/8 |
| Naveen's New share |
(4/8 + 1/4) |
3/4 |
| Omprakash's New Share |
(1/8 + 1/8) |
1/4 |
| Thus, New profit sharing ratio |
Naveen |
Omprakash |
Total |
| |
|
|
|
3/4 |
1/4 |
|
| |
|
|
|
3 |
1 |
4 |
| Gaining Ratio |
Naveen |
Omprakash |
|
| |
|
|
|
1/4 |
1/8 |
|
| |
|
|
|
2 |
1 |
|
▶ Video Solution: Coming Soon
Question 2
| Old Profit Sharing Ratio |
|
|
|
|
|
|
| R |
S |
M |
|
|
|
|
|
|
| 2/5 |
2/5 |
1/5 |
|
|
|
|
|
|
| 2 |
2 |
1 |
|
|
|
|
|
|
| M Retires |
1/5 |
| His share taken by remaining partners in the ratio 1:2 |
| |
|
| Share taken by R out of M's Share |
1/5*1/3 |
1/15 |
और मिल गया |
M के हिस्से में से मिला |
| Share taken by S out of M's Share |
1/5*2/3 |
2/15 |
और मिल गया |
M के हिस्से में से मिला |
| R's New share |
2/5 + 1/15 |
7/15 |
|
|
|
| (पुराना हिस्सा + additional जो मिला ) |
| S's New Share |
2/5 + 2/15 |
8/15 |
|
|
|
▶ Video Solution: Coming Soon
Question 3 (a)
| Old Profit Sharing Ratio |
|
|
|
|
|
|
| Paras |
Mohan |
Hari |
Total |
|
|
|
|
|
|
| 5 |
5 |
4 |
14 |
|
|
|
|
|
|
| Mohan Retires |
| His share taken by remaining partners in the ratio 1:1 |
5/14 |
| |
|
| Share taken by Paras from Mohan |
5/14*1/2 |
5/28 |
और मिल गया |
मोहन के हिस्से में से मिला |
| Share taken by Hari from Mohan |
5/14*1/2 |
5/28 |
और मिल गया |
मोहन के हिस्से में से मिला |
| Paras's New share |
5/14 + 5/28 |
15/28 |
|
|
|
| (पुराना हिस्सा + additional जो मिला ) |
| Hari's New Share |
4/14 + 5/28 |
13/28 |
|
|
|
| New profit ratio |
|
|
|
|
|
|
|
|
| Paras |
Hari |
|
|
|
|
|
|
|
|
| 15 |
13 |
|
|
|
|
|
|
|
|
▶ Video Solution: Coming Soon
Question 3 (b)
| Old Profit Sharing Ratio |
| P |
Q |
R |
| 5 |
4 |
1 |
| P retires |
| |
| The new profit sharing ratio is not given |
| Also the ratio in which the share acquired is not given |
| So the remaining partners will share in their old profit sharing ratio |
| |
▶ Video Solution: Coming Soon
Question 4
| Old profit sharing ratio |
|
|
| X |
Y |
Z |
|
|
| 1/2 |
3/10 |
1/5 |
|
|
| 5 |
3 |
2 |
|
|
| Y retires |
| The new profit sharing ratio is not given |
| Also the ratio in which the share acquired is not given |
| So the remaining partners will share in their old profit sharing ratio |
| |
| New Profit Sharing ratio |
X |
Z |
| and gaining ratio |
5 |
2 |
| We can check gaining ratio by calculation |
| |
| Gaining ratio = New ratio - old ratio |
| |
| X's gaining ratio |
5/7 - 5/10 |
3/14 |
| Z's Gaining Ratio |
2/7 - 2/10 |
3/35 |
| Final Gaining ratio |
|
|
|
| X |
Z |
|
|
|
| 15 |
6 |
|
|
|
| 5 |
2 |
|
|
|
▶ Video Solution: Coming Soon
Question 5
| Old profit sharing ratio |
|
| Sarthak |
Vansh |
Mansi |
Total |
|
| 4 |
3 |
2 |
9 |
|
| New Profit sharing ratio |
|
|
| Vansh |
Mansi |
Total |
|
|
| 2 |
1 |
3 |
|
|
| Gaining ratio = New ratio - old ratio |
| |
| Vansh's gaining ratio |
2/3 - 3/9 |
1/3 |
| Mansi's Gaining Ratio |
1/3 - 2/9 |
1/9 |
| Final Gaining ratio |
|
|
|
| Vansh |
Mansi |
|
|
|
| 3 |
1 |
|
|
|
▶ Video Solution: Coming Soon
Question 6 (a)
| Old profit sharing ratio |
| W |
X |
Y |
Z |
| 1/3 |
1/6 |
1/3 |
1/6 |
| 2 |
1 |
2 |
1 |
| New Profit sharing ratio |
|
| W |
X |
Z |
|
| 1 |
1 |
1 |
|
| Gaining ratio = New ratio - old ratio |
| |
| W's gaining ratio |
1/3 - 2/6 |
0 |
| X's Gaining Ratio |
1/3 - 1/6 |
1/6 |
| Z's Gaining Ratio |
1/3 - 1/6 |
1/6 |
| Final Gaining ratio |
|
| W |
X |
Z |
|
| 0 |
1 |
1 |
|
▶ Video Solution: Coming Soon
Question 6 (b)
| Old profit sharing ratio |
|
|
|
|
| A |
B |
C |
|
|
|
|
| 4 |
3 |
2 |
|
|
|
|
| A acquires 4/9 of C's share |
(4/9 * 2/9) |
8/81 |
| So, balance of C's share is acquired by B |
(2/9 - 8/81) |
10/81 |
| A's new share |
(4/9 + 8/81) |
44/81 |
| B's New share |
(3/9 + 10/81) |
37/81 |
| New Profit sharing ratio |
|
|
|
|
| A |
B |
Total |
|
|
|
|
| 44 |
37 |
81 |
|
|
|
|
| Gaining Ratio |
|
|
|
|
|
| A |
B |
|
|
|
|
|
| 8/81 |
10/81 |
|
|
|
|
|
| 4 |
5 |
|
|
|
|
|
▶ Video Solution: Coming Soon
Question 7
| Old profit sharing ratio |
|
|
| Kumar |
Lakshya |
Manoj |
Naresh |
Total |
|
|
| 3 |
2 |
1 |
4 |
10 |
|
|
| Lakshya acquires 3/5 of Kumar's share |
3/5 * 3/10 |
9/50 |
| Lakshya New Share |
2/10 + 9/50 |
19/50 |
| |
|
|
| Manoj acquires 2/5 of Kumar's share |
2/5 * 3/10 |
3/25 |
| Manoj New Share |
1/10 + 3/25 |
11/50 |
| |
|
|
| Lakshyas new share |
2/10 + 9/50 |
19/50 |
| Manoj's New share |
1/10 + 3/25 |
11/50 |
| New Profit sharing ratio |
Lakshya |
Manoj |
Naresh |
| |
|
|
|
19/50 |
11/50 |
2/5 |
| |
|
|
|
19 |
11 |
20 |
| Gaining Ratio |
Lakshya |
Manoj |
|
| |
|
|
|
9/50 |
3/25 |
|
| |
|
|
|
9 |
6 |
|
| |
|
|
|
3 |
2 |
|
▶ Video Solution: Coming Soon
Question 8
| Old Profit Sharing Ratio |
|
|
|
| A |
B |
C |
Total |
|
|
|
| 8 |
4 |
3 |
15 |
|
|
|
| B Retires |
| His share taken by remaining partners in the ratio 1:1 |
| |
| Share taken by A out of B's Share |
4/15 *1/2 |
2/15 |
| Share taken by C out of B's Share |
4/15 * 1/2 |
2/15 |
| A's New share |
8/15 + 2/15 |
2/3 |
| C's New Share |
3/15 + 2/15 |
1/3 |
▶ Video Solution: Coming Soon
Question 9
| Old Profit Sharing Ratio |
|
|
|
| A |
B |
C |
Total |
|
|
|
| 5 |
3 |
2 |
10 |
|
|
|
| C Retires |
| His share taken by remaining partners in the ratio 1:0 |
| |
| Share taken by A out of C's Share |
(2/10*1/1) |
1/5 |
| Share taken by B out of C's Share |
(2/10*0/1) |
0 |
| A's New share |
(5/10 + 1/5) |
7/10 |
| B's New Share |
(3/10+0) |
3/10 |
▶ Video Solution: Coming Soon
