[CBSE] DK Goel Q. 28 Change in Profit Sharing Ratio Solutions Class 12 (2026-27)
Solution of Question 28 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2026-27)
Ravi, Jay and Vipin are partners sharing profits in the ratio of 5: 4: 1. It is now agreed thay they will share future profits in a new ratio.
Following Journal entry is passed for adjustment of goodwill due to change in profit-sharing ratio:
| Particulars | Dr. | Cr. |
| Vipin’s Capital A/c (3/10 of ₹3,00,000) Dr. | 90,000 | |
| To Ravi’s Capital A/c (2/10 of ₹3,00,000) To Jay’s Capital A/c (1/10 of ₹3,00,000) (Adjustment for goodwill due to change in profit sharing ratio) | 60,000 30,000 |
Find out new profit sharing ratio of Ravi, Jay and Vipin.
[Ans. New profit sharing ratio of Ravi, Jay and Vipin is 3 : 3 : 4.]
Solution:-
