[CBSE] DK Goel Q. 24 Change in Profit Sharing Ratio Solutions Class 12 (2024-25)
Solution of Question 24 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2024-25)
A, B and C are partners sharing profits and losses in the ratio of 1 : 2 : 3. From April 1, 2024, they decided to share the profits in the ratio of 2 : 3 : 4. On that date, Profit and Loss Account disclosed a debit balance of ₹ 90,000. Record the necessary journal entry for the distribution of the balance in the Profit and Loss Account.
[Ans. Debit A’s Capital A/c by ₹ 15,000, B’s Capital A/c by ₹ 30,000 and C’s Capital A/c by ₹ 45,000.]
Solution:-
Note:- In the absence of any additional information, the accumulated profits and losses are distributed to the old partners in their old profit sharing ratio.
Here are the solutions of Change in Profit Sharing ratio chapter of DK Goel Class 12 CBSE (2024-25)
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| 2 | Question – 2 | |
| 3 | Question – 3 | |
| 4 | Question – 4 | |
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| 7 | Question – 7 | |
| 8 | Question – 8 | |
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| 11 | Question – 11 | |
| 12 | Question – 12 | |
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| 16 | Question – 16 | |
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| 24 | Question – 24 | |
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| 26 | Question – 26 | |
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| 31 | Question – 31 | |
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| 33 | Question – 33 | |
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| 37 | Question – 37 | |
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| 41 | Question – 41 | |
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| 50 | Question – 50 |
