[CBSE] Q. 10 Change in profit sharing ratio Solution TS Grewal Class 12 (2023-24)

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Solution to Question number 10 of the Change in Profit sharing ratio chapter 4 of TS Grewal Book class 12 CBSE 2023-24 Edition?

Arun, Varun and Tarun are partners sharing profits and losses in the ratio of 3 : 2 : 1. They decide to share profit and losses equally with effect from 1st April 2023. Goodwill of the firm is valued at ₹ 1,20,000.

Pass Journal entries when goodwill is raised and written off.

Solution:-

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Anurag Pathak

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