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Showing posts with the label Change in Profit Sharing Ratio

iPhone 16 Series All Details & Leaks Are Here! AI, New Button, Big Display...

Unlocking the Secrets: iPhone 16 Series Revealed! AI, New Buttons, and Big Displays Unveiled! Are you eagerly awaiting the next big release from Apple? Brace yourself for the iPhone 16 series, where innovation meets anticipation. In this article, we'll delve into all the exciting details and leaks surrounding this highly anticipated release. AI Integration  One of the most buzzed-about features of the iPhone 16 series is its enhanced AI capabilities. With advanced algorithms and machine learning, these phones promise to deliver a smarter, more intuitive user experience. From personalized recommendations to seamless voice commands, get ready to interact with your device like never before. New Button Dynamics Say goodbye to the conventional button layout! The iPhone 16 series is rumored to introduce a new button configuration that enhances functionality and usability. With the addition of an action button, users can expect quicker access to their favorite features and applications, m

Ts grewal practical problems of Change in Profit Sharing Ratio (2023-2024)

  Change in Profit Sharing Ratio Ts grewal solution volume-1 (2023-2024) Question 1: Om and Shyam are sharing profits and losses equally. With effect from 1st April, 2022, they agree to share profits in the ratio of 4 : 3. Calculate individual partner's gain or sacrifice due to the change in ratio. Answer: Old Ratio (Om and Shyam) = 1 : 1 New Ratio (Om and Shyam) = 4 : 3 Sacrificing (or Gaining) Ratio = Old Ratio − New Ratio       Om’s share = ½ - 4/7 = 7-8/14= -1/14 (Gain)         Shyam’s share = ½ - 3/7 = 7-6/14= 1/14  (sacrifice) ∴ Om’s Gain = 1/14 Shyam’s Sacrifice = 1/14 Question 2: Ashok, Bhim and Chetan are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2022, they decide to share profits and losses in the ratio of 5 : 2 : 3. Calculate each partner's gain or sacrifice due to the change in ratio. Answer: Old Ratio (Ashok, Bhim and Chetan) = 5 : 3 : 2 New Ratio (Ashok, Bhim and Chetan) = 5 : 2 : 3 Sacrificing (or Gaining) Ratio = Old Ratio