# Solve ques.11

Dear Student

Calculation of New PSR

Vandana's Share =
Remaining share = $\frac{1}{1}-\frac{1}{8}=\frac{7}{8}$ .
Vishal's Share =
Varun's Share =
Therefore New PSR = 21:14:5 .

 Profit and Loss appropriation A/c Cr. Date Particulars Amount Date Particulars Amount (Rs) (Rs) Partner's Capital A/c Profit and Loss A/c 900,000 Vishal 457,500 Varun 292,500 Vandana 150000 900,000 900,000

Working
 Profit Distribution as per New PSR Vishal (9,00,000 x 21/40) 472,500 Varun (9,00,000 x 14/40) 315,000 Vandana (9,00,000 x 5/40) 112,500 Minimum Guarantee profit of Vandana 150,000 Deficiency (1,50,000 - 1,12,500) 37,500 Ratio in which deficiency to be borne by partners 2:3 Deficiency to be borne by Vishal (37,500 x 2/5) 15,000 Deficiency to be borne by Varun (37,500 x 3/5) 22,500 Actual Profit Distribution to Partners after adjusting deficiency Vishal (4,72,500 - 15,000) 457,500 Varun (3,15,000 - 22,500) 292,500 Vandana (1,12,500 + 37,500) 150,000

Regards

• 0
1/8th share of new partner. Then:
• 0
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