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How is Sacrificing Ratio calculated?

Post category:Accountancy
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SOLUTION

Sacrificing Ratio is sacrificed share in profit of two or more partners in terms of ratio
Sacrificed profit share of each partner is calculated as follows:
Sacrificed Profit Share = Old Profit Share – New Profit Share

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Sukanya Ltd. invited applications for issuing 1,00,000 equity shares of Rs. 10 each. The shares were issued at a premium of Rs. 20 per share. The amount was payable as follows:

A firm normally has trade Receivables equal to two months’ credit Sales. During the coming year it expects Credit Sales of Rs. 7,20,000 spread evenly over the year (12 months). What is the estimated amount of Trade Receivables at the end of the year?

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