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X ,Y and z have been sharing profit in ratio of 3:2:1respectively .z wants that he should share profit equally along X and y he further wants that change in profit sharing ratio should be applicable retrospectively for last three year other patner have no object .the profit for last three year were 60000,47000and 55000 respectively .make adjustment
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X ,Y and z have been sharing profit in ratio of 3:2:1respectively .z ...


Adjustment for Z's new profit sharing ratio:

- Initially, the profit sharing ratio was 3:2:1 for X, Y, and Z respectively.
- Z wants to share profit equally with X and Y, meaning the new ratio will be 2:2:2.
- The new total ratio is 6 (2+2+2), which means each partner will now have 2/6 or 1/3 of the profit.

Adjustment for the past three years:

1. Adjustment for the first year (60000 profit):
- Z's new share will be 1/3 of the profit, which is 20000.
- X and Y will continue to share the remaining profit in their original ratio.
- So, X will get 30000 and Y will get 10000.

2. Adjustment for the second year (47000 profit):
- Z's new share will be 1/3 of the profit, which is 15666.67 (approx).
- X and Y will continue to share the remaining profit in their original ratio.
- So, X will get 23533.33 (approx) and Y will get 7833.33 (approx).

3. Adjustment for the third year (55000 profit):
- Z's new share will be 1/3 of the profit, which is 18333.33 (approx).
- X and Y will continue to share the remaining profit in their original ratio.
- So, X will get 27500 and Y will get 9166.67 (approx).

By making these adjustments, Z will now share profit equally with X and Y for the past three years as well. This retrospective change will ensure fairness in the profit sharing among all partners.
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X ,Y and z have been sharing profit in ratio of 3:2:1respectively .z ...
x Ac Dr. 9000 and y Ac cr 9000
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X ,Y and z have been sharing profit in ratio of 3:2:1respectively .z wants that he should share profit equally along X and y he further wants that change in profit sharing ratio should be applicable retrospectively for last three year other patner have no object .the profit for last three year were 60000,47000and 55000 respectively .make adjustment
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X ,Y and z have been sharing profit in ratio of 3:2:1respectively .z wants that he should share profit equally along X and y he further wants that change in profit sharing ratio should be applicable retrospectively for last three year other patner have no object .the profit for last three year were 60000,47000and 55000 respectively .make adjustment for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about X ,Y and z have been sharing profit in ratio of 3:2:1respectively .z wants that he should share profit equally along X and y he further wants that change in profit sharing ratio should be applicable retrospectively for last three year other patner have no object .the profit for last three year were 60000,47000and 55000 respectively .make adjustment covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X ,Y and z have been sharing profit in ratio of 3:2:1respectively .z wants that he should share profit equally along X and y he further wants that change in profit sharing ratio should be applicable retrospectively for last three year other patner have no object .the profit for last three year were 60000,47000and 55000 respectively .make adjustment.
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