Test (elaborations) Accounting

Madhya Pradesh Board of Secondary Education
Higher Secondary Examination (Main) – 2023
Subject – Book Keeping & Accountancy
Class 12th (Commerce)
Practice Question Paper




Question 1: Ansh and Ayush are partners in the ratio of 3:2. They admit Aman for 3/10 share
which he acquired 2/10 from Ansh and 1/10 from Ayush. Calculate new profit sharing ratio.

Answer: Here is the calculation for the new profit sharing ratio between Ansh, Ayush, and
Aman:

1. Calculate Ansh's New Share

Ansh's old share was 3/5. He surrendered 2/10 to Aman.

Ansh’s New Share=Old Share−Surrendered Share

Ansh’s New Share=3/5−2/10

To subtract, we find a common denominator (10):

Ansh’s New Share=6/10−2/10=4/10

2. Calculate Ayush's New Share

Ayush's old share was 2/5. He surrendered 1/10 to Aman.

Ayush’s New Share=Old Share−Surrendered Share

Ayush’s New Share=2/5−1/10

Again, using the common denominator (10):

Ayush’s New Share=4/10−1/10=3/10

3. Aman's Share

Aman's share is given as 3/10. (We can verify this: 2/10 from Ansh + 1/10 from Ayush =3/10)