Dear Student Calculation of New PSR Vandana's Share = 18 or 540 Remaining share = 11-18=78 Vishal's Share = 78×35 = 2140 Varun's Share = 78×25 = 1440 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

Solve ques.11

Dear Student

Calculation of New PSR

Vandana's Share =

\frac{1}{8} o r \frac{5}{40}

Remaining share =

\frac{1}{1} - \frac{1}{8} = \frac{7}{8}

.
Vishal's Share =

\frac{7}{8} \times \frac{3}{5} = \frac{21}{40}

Varun's Share =

\frac{7}{8} \times \frac{2}{5} = \frac{14}{40}

Therefore New PSR = 21:14:5 .

Profit and Loss appropriation A/c
						Cr.
Date	Particulars	Amount	Date	Particulars	Amount
Date	Particulars	(Rs)	Date	Particulars	(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

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