[CBSE] DK Goel Q. 39 Change in Profit Sharing Ratio Solutions Class 12 (2026-27)
Solution of Question 39 of Change in Profit sharing ratio DK Goel Class 12 CBSE (2026-27)
Tanvi, Rani and Divya are sharing profits and losses in an agreed ratio. They decide to share profits and losses in the ratio of 5: 2: 3 with effect from 1st April, 2026. They also decide to record the effect of the following without affecting their book values by passing a single adjustment journal entry:
(a) General Reserve – ₹ 2,30,000
(b) Profit & Loss A/c (Cr.) – ₹ 1,20,000
(c) Advertisement Suspense A/c – ₹ 50,000
| Date | Particulars | Dr. | Cr. |
| 2026 April 1 | Tanvi’s Capital A/c Dr. | 60,000 | |
| To Divya’s Capital A/c (Adjustment made for General Reserve, Profit & Loss A/c and Advertisement Suspense A/c due to change in profit sharing ratio) | 60,000 |
Calculate each partner’s gain or sacrifice due to change in profit ratio and their old profit sharing ratio.
[Ans. Gain by Tanvi; Sacrifice by Tanvi Old Profit Sharing Ratio of Tanvi.
Ravi and Divya 3:2: 5.]
Solution:-
