You can find Q. 1 Solution of Admission of a Partner Ts Grewal Accounts Class 12 (2025-26) below. If you have any doubt, you can ask in the comments section.
Question 1: Jiten and Rajiv are partners sharing profits in the ratio of 3:2. They admit Bikram as a partner for 1/5th profit share.
Determine profit-sharing ratio after admission of Bikram.
Solution 1:
Old Profit Sharing Ratio of Jiten and Rajiv = 3:2
Bikram admitted for = 1/5th share
Remaining share to be shared by Jiten and Rajiv in their old profit sharing ratio which is 3:2.
Jiten’s new share = 4/5*3/5 = 12/25
Rajiv’s new share = 4/5*2/5 = 8/25
New Profit sharing ratio of Jiten, Rajiv and Bikram is 12/25:8/25:5/25 or 12:8:5.