On 1st January, 2008, Uday and Kaushal entered into partnership with fixeed capitals of Rs 7,00,000 and Rs 3,00,000 respectively. They were doing good business and were interested in its expansion but could not be the same because of lack of capital. Therefore, to have more capital, they admitted Govind as a new partner on 1st January, 2010. Govind brough Rs 10,00,000 as capital and the new profit-sharing ratio decided was 3:2:5. On 1st january, 2012, another new partner Hair was admitted with a capital of Rs 8,00,000 for 1/10th share in the profits, which he acquired equally from Uday, Kaushal and Govind. On 1st April, 2014, Govind died and his share was taken over by Uday adn Hair equally. Calculate: (a) Sacrificing ratio of Uday and Kaushal on Govind's admission. (b) New profit-sharing ratio of Uday, Kaushal, Govind and Hari on Hari's admission. (c) New profit-sharing ratio of Uday, Kaushal and Hari on Govind's Death.

On 1st January, 2008, Uday and Kaushal entered into partnership with f

1.	On 1st January, 2008, Uday and Kaushal entered into partnership with fixeed capitals of Rs 7,00,000 and Rs 3,00,000 respectively. They were doing good business and were interested in its expansion but could not be the same because of lack of capital. Therefore, to have more capital, they admitted Govind as a new partner on 1st January, 2010. Govind brough Rs 10,00,000 as capital and the new profit-sharing ratio decided was 3:2:5. On 1st january, 2012, another new partner Hair was admitted with a capital of Rs 8,00,000 for 1/10th share in the profits, which he acquired equally from Uday, Kaushal and Govind. On 1st April, 2014, Govind died and his share was taken over by Uday adn Hair equally. Calculate: (a) Sacrificing ratio of Uday and Kaushal on Govind's admission. (b) New profit-sharing ratio of Uday, Kaushal, Govind and Hari on Hari's admission. (c) New profit-sharing ratio of Uday, Kaushal and Hari on Govind's Death.
Answer» Solution :(a) Calculation of sacificing Ratio of Uday and Kaushal on Govind's admission: Uday's SACRIFICE (Old Share- New Share) `=1/2-3/10=2/10` Kaushal's sacrifice (Old Share- New Share) `=1/2-2/10=3/10` Thus, Sacrificing Ratio of Uday and Kaushal `=2/10:3/10=2:3.` (B) Calculation of New Profit-sharing Ratio on Hari's admission: Hari acquired `1/10xx1/3=1/10`th share equally from Uday, Kaushal and Govind. Uday's New Share `=3/10-1/30=(9-1)/(30)=8/30` Kaushal's New Share `=2/10-1/30=(6-1)/(30)=5/30` Govind's New Share `=5/10-1/30=(15-1)/(30)=14/30` Hari's Share `=1/30+1/30+1/30=3/30` Thus, New Ratio of Uday, kaushal, Govind and Hari `=8:5:14:3.` (c) New Profit-sharing Ratio of Uday. Kaushal and Hari on Govind's DEATH: Govind's share was TAKEN over by Uday and Hari equally, i.e., `14/30xx1/2=7/30` Uday's New Share `=8/30+7/30=15/30` Hari's New Share `=3/30+7/30=10/30` Thus, New Ratio of Uday, Kaushal and Hari `=15/30:5/30:10/30=3:1:2.`

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