[CBSE] Q. 7 Change in profit sharing ratio Solution TS Grewal Class 12 (2025-26)
Solution to Question number 7 of the Change in Profit Sharing Ratio chapter 4 of TS Grewal Book class 12 CBSE 2025-26 Edition.
X, Y and Z are partners sharing profits equally. They decided that in future Z will get 1/5th share in profits. On the day of change, firm’s goodwill is valued at ₹ 30,000. Give Journal entry arising on account of change in Profit-sharing Ratio.
[Ans. Dr. X’s Capital A/c by ₹ 2,000; Y’s Capital A/c by ₹ 2,000; Cr. Z’s Capital A/c by ₹ 4,000.]
Solution:-
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 |
