[CBSE] DK Goel Q. 36 Change in Profit Sharing Ratio Solutions Class 12 (2026-27)

Solution of Question 36 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2026-27)

Mahi and Neena are partners sharing profits and losses equally. From 1st April, 2026, they decided to share profits and losses in the ratio of 2: 3. The firm’s Balance Sheet shows debit balance of Profit and Loss Account of 40,000.

Partners decided to continue with the above balance in the books of the reconstituted firm.

Pass necessary adjustment entry.

[Ans. Debit Mahi and Credit Neena by4,000.]

Solution:-