[CBSE] Q. 20 Change in profit sharing ratio Solution TS Grewal Class 12 (2023-24)
Solution to Question number 20 of the Change in Profit sharing ratio chapter 4 of TS Grewal Book class 12 CBSE 2023-24 Edition?
Nitin, Tarun and Amar are partners sharing profits equally and decide to share profits in the ratio of 2 : 2 : 1 w.e.f 1st April, 2023.
The extract of their Balance Sheet as at 31st March, 2023 is as follows:
Liabilities | ₹ | Assets | ₹ |
Investment Fluctuation Reserve | 60,000 | Investments (At Cost) | 4,00,000 |
Pass the Journal entries in each of the following situations:
i) When its Market Value is not given;
ii) When its Market Value is ₹ 4,00,000;
iii) When its Market Value is ₹ 4,24,000;
iv) When its Market Value is ₹ 3,70,000;
v) When its Market Value is ₹ 3,10,000;
![](https://commerceschool.in/wp-content/uploads/2023/04/q20-1-1024x311.webp)
![](https://commerceschool.in/wp-content/uploads/2023/04/q201-1024x384.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2024/04/1-103-1024x277.webp)
![](https://commerceschool.in/wp-content/uploads/2024/04/2-65-1024x280.webp)
![](https://commerceschool.in/wp-content/uploads/2024/04/3-42-1024x562.webp)
![](https://commerceschool.in/wp-content/uploads/2024/04/4-18-1024x384.webp)
![](https://commerceschool.in/wp-content/uploads/2024/04/5-6-1024x415.webp)
Here is the list of all Solutions
S.N | Questions |
1 | Question – 1 |
2 | Question – 2 |
3 | Question – 3 |
4 | Question – 4 |
5 | Question – 5 |
6 | Question – 6 |
7 | Question – 7 |
8 | Question – 8 |
9 | Question – 9 |
10 | Question – 10 |
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