[CBSE] Q. 19 Change in profit sharing ratio Solution TS Grewal Class 12 (2025-26)

Solution to Question number 19 of the Change in Profit Sharing Ratio chapter 4 of TS Grewal Book class 12 CBSE 2025-26 Edition.

Anu, Manu, Sonu and Rohan were partners in a firm sharing profits and losses in the ratio of 1 : 2 : 1 : 2. with effect from 1st April, 2023, they decided to share profits and losses in the ratio of 2 : 4 : 1 : 3. Their Balance Sheet showed General Reserve of ₹ 90,000. The goodwill of the firm was valued at ₹ 4,50,000.

Pass necessary Journal entries for the above on account of change in the profit sharing ratio. Show you working clearly.

[Ans.: (i) Dr. General Reserve A/c by ₹ 90,000; Cr. Anu’s Capital A/c by ₹ 15,000; Manu’s Capital A/c by ₹ 30,000; Sonu’a Capital A/c by ₹ 15,000; Rohan’s Capital A/c by ₹ 30,000. (ii) Dr. Anu’s Capital A/c by ₹ 15,000; Manu’s Capital A/c by ₹ 30,000; Cr. Sonu’s Capital A/c by ₹ 30,000; Rohan’s Capital A/c by ₹ 15,000. (iii) Anu’s Gain = 1/30; Manu’s Gain = 2/30; Sonu’a Sacrifice = 2/30; Rohan’s Sacrifice = 1/30.]

Solution:-

Here is the list of all Solutions